Search Results - subject:"Relative price"

On the dynamic effects of the cross-section distribution of sectoral price changes in China

Gu, Biao; Fu, Liying; Yu, Kehuan - In: International studies of economics 18 (2023) 4, pp. 468-501

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …

Persistent link: https://www.econbiz.de/10014465997

The optimal inflation target : bridging the gap between theory and policy

Adam, Klaus; Weber, Henning - 2024

Many central banks worldwide announce numerical inflation targets, typically ranging from zero to two percent in advanced economies and higher in developing countries. Historically, a significant gap existed between the inflation targets pursued by central banks and those recommended by academic...

Persistent link: https://www.econbiz.de/10015205425

Micro price heterogeneity and optimal inflation

Santoro, Sergio; Weber, Henning - 2023

price data underlying the consumer price index are used to estimate relative price trends over the product life cycle …. Minimising the welfare consequences of relative price distortions in the presence of these trends requires targeting a … models ignoring relative price trends, or of targeting 4%, turn out to be substantial. …

Persistent link: https://www.econbiz.de/10014316148