Showing 1 - 10 of 118
This paper analyzes the exchange rate pass-through (ERPT) into consumer prices for 12 euro area (EA) countries within a cointegrated VAR (CVAR) framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for each EA country of our...
Persistent link: https://www.econbiz.de/10010821130
This paper o¤ers to investigate both the Friedman's and Mishkin's hypotheses on the consequences of inflation on output … countries, we distinguish between short-medium and long run and between headline and core inflation. We get two main results …. First, nominal uncertainty and inflation are positively linked. Second, headline inflation negatively Granger causes out …
Persistent link: https://www.econbiz.de/10010738523
Book review: Liêm Hoang-Ngoc "Le fabuleux destin de la courbe de Phillips. Les théories de l'inflation et du chômage …
Persistent link: https://www.econbiz.de/10010738547
This article identifies a new channel through which inflation affects the real economy. In a simple monetary model …. Because of this heterogeneity, long run inflation affects the real interest rate and real variables, even when there are no …. For realistic utility functions, inflation is found to raise the capital stock, but to decrease welfare. …
Persistent link: https://www.econbiz.de/10010738938
The "eductive" viewpoint provides a theoretically sophisticated analysis as well as an intuitively plausible shortcut to the study of expectational coordination in economic models. From the review of expectational criteria in a class of dynamical models of macroeconomic theory, the paper shows...
Persistent link: https://www.econbiz.de/10010739013
a higher inflation target and correspondingly higher interest rates would offer larger wiggle room for Central Banks to …-Keynesian DSGE framework and including positive steady state inflation, we investigate if having a higher permanent inflation target … inflation targets and the effect this could have on economic fundamentals. Finally, we discuss whether simple inflation …
Persistent link: https://www.econbiz.de/10010898484
This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for … inflation in the EA context. …
Persistent link: https://www.econbiz.de/10010899330
; (iii) the frequencies of price increases and decreases contribute a lot to inflation variations, and price increases are … more frequent in January even when sales are excluded; (iv) sales contribute significantly to the volatility of inflation …
Persistent link: https://www.econbiz.de/10010899335
Macroeconomic determinants of FDI are seldom analyzed from the perspective of source countries, priority being generally given to host country characteristics. In a gravity set-up, we analyze FDI flows from European Union to MENA economies. We find that European investment to our MENA host...
Persistent link: https://www.econbiz.de/10010899395
Cet article propose une évaluation de la relation entre l'incertitude émanant de la volatilité de l'inflation et la … croissance économique des pays de l'UEMOA. Il s'interroge également sur les répercussions des chocs d'inflation sur l … différentes caractéristiques des chocs d'inflation dans l'union, et d'autre part, les liens entre l'inflation incertaine et la …
Persistent link: https://www.econbiz.de/10010899408