Showing 1 - 10 of 74
causality of the oil price by US inflation as is consistent with the theory. …
Persistent link: https://www.econbiz.de/10008486939
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker …'s preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the ones implied by the …
Persistent link: https://www.econbiz.de/10005155218
inflation, the output gap, and the nominal interest rate. Furthermore, the rule quasi-equivalence is also obtained if the ECB …
Persistent link: https://www.econbiz.de/10005022227
help of a calibrated new Keynesian model. Our results suggest that money supply shocks had a milder effect on inflation and …
Persistent link: https://www.econbiz.de/10009275287
Public deficit figures are subject to revisions, as most macroeconomic aggregates are. Nevertheless, in the case of Europe, the latter could be particularly worrisome given the role of fiscal data in the functioning of EU’s multilateral surveillance rules. Adherence to such rules is judged...
Persistent link: https://www.econbiz.de/10009001394
We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to … distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among … others. We find that structures in which large (more productive) firms predominate tend to deliver more muted inflation …
Persistent link: https://www.econbiz.de/10011105510
bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …
Persistent link: https://www.econbiz.de/10005022245
Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In … countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …
Persistent link: https://www.econbiz.de/10005022247
Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …
Persistent link: https://www.econbiz.de/10005022254
provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than …
Persistent link: https://www.econbiz.de/10005022283