Publications

August 2010 (Revised February 2012)
Case

Cosmeticos de Espana, S.A. (A)

By: David F. Hawkins

Management must decide which exchange rate to use to consolidate the company's Venezuelan subsidiary. View Details

Keywords: Financial Statements; Business Subsidiaries; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela

01 Dec 2005
News

Exploring the Galápagos

Galápagos Islands. Cameras are pointed at blue beaks and red gullet sacks, inflated like birthday balloons. Unfortunately, Martin Marks (MBA 6/’47), Esther’s companion of 25 years and an avid birder, is back on the ship, resting. It’s Day... View Details

Keywords: Ted A. Adams; Arts, Entertainment

April 2011 (Revised May 2013)
Case

South Africa (A): Stuck in the Middle?

By: Richard H. K. Vietor and Diego Comin

Fifteen years after ending apartheid, formal unemployment in South Africa was still at 24%. While the country had grown at 4 to 5% annually during the 2000s, the financial crisis set it back by 1 million more unemployed. Moreover, it seemed as if the nation were stuck... View Details

Keywords: Financial Crisis; Inflation and Deflation; Policy; Employment; Wages; Competition; South Africa

December 1999 (Revised January 2003)
Case

Standard International Inc. (A)

By: David F. Hawkins

The company top management must make a series of accounting decisions that will determine the company's quarterly income. A rewritten version of an earlier case. View Details

Keywords: Financial Reporting; Financial Statements; Inflation and Deflation; International Finance; Research and Development; Accounting Industry

Find at Harvard

01 Dec 2002
News

Mary Callahan Erdoes

7 percent, with lots of appreciation on top of that. Do you have concerns about Japanlike deflation in the United States? Some fear that with a very low inflation rate of 1.5 percent, the United States is in danger of following Japan into... View Details

Keywords: Deborah Blagg

January 1998 (Revised June 1999)
Case

German Hyperinflation of 1923, The

By: David A. Moss and Julio J. Rotemberg

Presents a compilation of primary and secondary sources as well as a set of data exhibits on the German hyperinflation of 1923. The hyperinflation represented a defining moment in German history and certainly one of the two or three most important economic events of... View Details

Keywords: History; Price; Production; Money; Inflation and Deflation; Policy; Economy; Government and Politics; Germany

06 Sep 2022
Research & Ideas

Curbing an Unlikely Culprit of Rising Drug Prices: Pharmaceutical Donations

ripple through the balance sheets of businesses and households alike. Indeed, after years of debate, Congress recently took aim at drug prices through provisions in the Inflation Reduction Act. But there are many systemic factors leading... View Details

Keywords: by Ben Rand; Insurance; Health; Pharmaceutical

2008
Working Paper

Behavioral Aspects of Price Setting, and Their Policy Implications

By: Julio J. Rotemberg

This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and... View Details

Keywords: Inflation and Deflation; Price; Policy; Laws and Statutes; Consumer Behavior; Emotions

Read Now

August 2010 (Revised November 2010)
Supplement

Cosmeticos de Espana, S.A. (C)

By: David F. Hawkins

The third case in the Cosmeticos de Espana case series. What should management's accounting response be to a further devaluation of the Bolivar? View Details

Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela

April 1997 (Revised February 2001)
Case

Mexico in Debt

By: Richard H.K. Vietor and Eilene Zimmerman

Describes Mexico's political and economic system in the 1960s and 1970s. Focuses on: 1) the causes of the debt crisis in 1982; 2) elements of President de la Madrid's restructuring efforts between 1982-88; President Salinas's attempts to complete restructuring and... View Details

Keywords: Restructuring; Economic Systems; Financial Crisis; Inflation and Deflation; Macroeconomics; Borrowing and Debt; Government and Politics; Mexico

March 2009 (Revised May 2013)
Supplement

Kinyuseisaku: Monetary Policy in Japan (B)

By: Laura Alfaro and Akiko Kanno

Toshihiko Fukui, Governor of the Bank of Japan, faced a complex situation in the fall of 2007. An economic recovery had allowed the central bank to abandon its zero interest rate policy, which had been in place for years, and raise rates to 0.5%. The Bank of Japan was... View Details

Keywords: Inflation and Deflation; Money; Central Banking; Interest Rates; Policy; Japan

January 2008 (Revised April 2009)
Case

Kinyuseisaku: Monetary Policy in Japan (A)

By: Laura Alfaro and Akiko Kanno

Toshihiko Fukui, Governor of the Bank of Japan, faced a complex situation in the fall of 2007. An economic recovery had allowed the central bank to abandon its zero interest rate policy, which had been in place for years, and raise rates to 0.5%. The Bank of Japan was... View Details

Keywords: Inflation and Deflation; Money; Central Banking; Interest Rates; Policy; Japan

01 Oct 1997
News

Doing Something Real

contemplating our 25th Reunion isn't so much our two years in those United NationsÐlike Aldrich classrooms, or the upcoming reunion itself, but how much has changed in the interim. We have gone from the days (begun with that awful vending-machine coffee) of pocket... View Details

Keywords: Andrew Tobias (MBA '72)

01 Mar 2016
News

Off Script

red tape to approve drugs? What is the drug industry’s own view on why there is this constant inflation in the cost of prescription drugs? —Etienne Locoh-Donou (MBA 2002) HASSAN: Governments are not good at managing markets or driving... View Details

Keywords: Insurance Carriers and Related Activities; Finance

13 Feb 2007
First Look

First Look: February 13, 2007

minds to wander were correlated with activity in this network. The Persistence of Inflation versus that of Real Marginal Cost in the New Keynesian Model Author:Julio J. Rotemberg Periodical:Journal of Money, Credit, and Banking... View Details

Keywords: Martha Lagace

March 2011 (Revised April 2011)
Case

Gold in 2011: Bubble or Safe Haven Asset?

By: Robin Greenwood and Benjamin Steiner

Case explores the pricing of gold in 2011. Is the pricing justified or are we in a speculative bubble? What data are useful in determining a view on this question? View Details

Keywords: Inflation and Deflation; Money; Asset Management; Investment; Price Bubble; Policy; Risk Management

January 1997 (Revised March 1997)
Case

Crisis at the Federal Reserve: Arthur Burns and the Stagflation of 1973-75

By: David A. Moss and Wyatt C. Wells

Briefly examines the history of the Federal Reserve System up through 1970 and then delves into how the central bank, under the leadership of Arthur F. Burns, responded to the "stagflation" of the early 1970s. It culminates with the Federal Reserve's response to the... View Details

Keywords: Central Banking; Inflation and Deflation; Government Administration; Financial Crisis; United States