Showing 1 - 10 of 133
interventions succeeded in reducing yields and volatility of government bond segments of the countries under the programme. Finally …
Persistent link: https://www.econbiz.de/10015302475
We use inflation and income growth expectations from the ECB Consumer Expectations Survey to measure the subjective … expected pass-through of inflation to income in the main euro area countries. By aggregating consumers' responses to … methodology allows one to examine how the pass-through varies along the probability distribution of expected inflation, which …
Persistent link: https://www.econbiz.de/10015320536
We document that about 33% of the core inflation basket in the euro area is sensitive to monetary policy shocks. We …. Estimations over different samples show that the impact of monetary policy shocks on sensitive core inflation has become larger …
Persistent link: https://www.econbiz.de/10015321474
unexpected gas price supply shocks on HICP inflation in the euro area and its four largest economies. In comparison to oil price … shocks, gas price shocks have approximately one-third smaller pass-through to headline inflation. Country-specific results … indicate gas price increases matter more for German, Spanish and Italian inflation than for French inflation, hinging on the …
Persistent link: https://www.econbiz.de/10015274997
We investigate the empirical relationship between product market competition and prices in the retail grocery sector in the euro area. The study uses micro-data from ACNielsen on chain stores' census characteristics and price levels for a broad variety of products. We construct...
Persistent link: https://www.econbiz.de/10015301855
Persistent link: https://www.econbiz.de/10015311455
Forecasting the world economy is a di¢ cult task given the complex interre-lationships within and across countries. This paper proposes a number ofapproaches to forecast short-term changes in selected world economic vari-ables and aims, …rst, at ranking various forecasting methods in terms...
Persistent link: https://www.econbiz.de/10005866572
We introduce a methodology to characterise financial cycles combining a novel multivariate spectral approach to identifying common cycle frequencies across a set of indicators, and a time varying aggregation emphasising systemic developments. The methodology is applied to 13 European Union...
Persistent link: https://www.econbiz.de/10015297765
This paper assesses the forecasting performance of various variable reduction and variable selection methods. A small and a large set of wisely chosen variables are used in forecasting the industrial production growth for four Euro Area economies. The results indicate that the Automatic Leading...
Persistent link: https://www.econbiz.de/10015298694
model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …
Persistent link: https://www.econbiz.de/10005162924