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did not result in the desired outcome, the first concept of inflation targeting was presented in New Zealand (1990), then … economically developed to developing countries. This article examines the adoption, the formal framework for inflation targeting …. At the time of the announcement of the inflation targets, inflation in both countries was around 6%. However, there are …
Persistent link: https://www.econbiz.de/10012522649
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particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …
Persistent link: https://www.econbiz.de/10013198396
There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …
Persistent link: https://www.econbiz.de/10012269197
This study analyzes global inflation synchronization and derives policy implications for the Korean economy. Unlike … previous studies that assume a single global inflation factor, this study investigates if inflation in Korea can be explained … further by other global inflation factors. Our principal component analysis provides three principal components for global …
Persistent link: https://www.econbiz.de/10012294082
Persistent link: https://www.econbiz.de/10013277581
The slight slowdown of consumer price infl ation in Germany in November does not yet constitute the beginning of lower infl ation rates. Even though energy prices are dragging infl ation, producer prices have drastically increased in the past year. Our estimates indicate that infl ation rates...
Persistent link: https://www.econbiz.de/10013534041
Several explanations have been put forward for the observation that massive inflation has not appeared as a result of … put forward for this observation, but none of them can explain the huge gap between monetary inflation and price inflation …. The alternative explanation presented in this paper is that monetary inflation is more reflected in stock prices than the …
Persistent link: https://www.econbiz.de/10014581554
Persistent link: https://www.econbiz.de/10014289785
The continuous depreciation of the exchange rate in Ghana has raised concern about its effect on inflation and the … economy at large. This paper examines the threshold effect of exchange rate pass-through (ERPT) on inflation using a monthly … depreciation beyond a monthly threshold of 0.70% has a significant positive pass-through effect on inflation, which gives credence …
Persistent link: https://www.econbiz.de/10014331413