Search Results - subject:"PRICE LEVEL"

The Spill-back and Spillover Effects of US Monetary Policy : Evidence on an International Cost Channel

Li, Yao; Lu, Lingfei; Wei, Shang-jin; Yao, Jingbo - National Bureau of Economic Research - 2025

We find that an unanticipated tightening of US monetary policy tends to raise US import prices. This empirical "spill-back" pattern differs from the predictions of typical open-economy macro models. We also document a new empirical "spillover" effect: import prices of other countries also rise...

Persistent link: https://www.econbiz.de/10015409843

Endogenously (non-)Ricardian beliefs

Branch, William A.; Gasteiger, Emanuel - 2019

This paper develops a theory of endogenously (non-)Ricardian beliefs. That is, whether Ricardian Equivalence holds in an equilibrium depends on endogenous private sector beliefs. The novelty here is a restricted perceptions viewpoint: in complex forecasting environments, agents forecast...

Persistent link: https://www.econbiz.de/10011988962

Assessing expectations as a monetary/fiscal state-dependent phenomenon

Geiger, Martin; Zachariadis, Marios - Panepistēmio Kypru / Department of Economics - 2019

Persistent link: https://www.econbiz.de/10012041788

Ramsey optimal policy in the new-Keynesian model with public debt

Chatelain, Jean-Bernard; Ralf, Kirsten - 2019

Persistent link: https://www.econbiz.de/10012234656

Ramsey optimal policy versus multiple equilibria with fiscal and monetary interactions

Chatelain, Jean-Bernard; Ralf, Kirsten - 2019

Persistent link: https://www.econbiz.de/10012234663

Regimes of fiscal and monetary policy in England during the French Wars (1793-1821)

Antipa, Pamfili; Chamley, Christophe - 2019

Persistent link: https://www.econbiz.de/10012174583

A requiem for the fiscal theory of the price level

Farmer, Roger E. A.; Zabczyk, Pawel - 2019

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price … show that the FTPL breaks down. In our model, the price level and the real interest rate are indeterminate, even when … level is sometimes determined by fiscal policy rather than monetary policy. The models where this claim has been established …

Persistent link: https://www.econbiz.de/10012112131

Assessment of the impact of hard commodity prices changes on inflation in European Union countries

Lapinskaitė, Indrė; Miečinskienė, Algita - In: Central European business review : CEBR 8 (2019) 5, pp. 18-35

Persistent link: https://www.econbiz.de/10012157663

Alternatives to inflation targeting in low interest rate environments

Walsh, Carl E. - 2019

Persistent link: https://www.econbiz.de/10013453946

Inflation in Austria since the introduction of the euro

Fritzer, Friedrich; Rumler, Fabio - 2019

Persistent link: https://www.econbiz.de/10012214243