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novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 … that pandemic lockdowns, and subsequent reopening policies, were the most dominant driver of global inflation in this … period, especially through their impact on aggregate demand. We provide a decomposition of lockdown shock by sources, and …
Persistent link: https://www.econbiz.de/10015058569
Intro -- Contents -- I. INTRODUCTION -- II. MONEY, EXCHANGE RATES, AND INFLATION IN TANZANIA -- III. A SURVEY OF THE …
Persistent link: https://www.econbiz.de/10012690980
methodology to estimate these two channels of spillovers. We first propose an index of a firm's sensitivity to consumer demand …, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on financial constraint based …
Persistent link: https://www.econbiz.de/10014409046
Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...
Persistent link: https://www.econbiz.de/10009620968
rise of renewable sources of energy. Using high-frequency data, this paper investigates volatility spillovers across 24 …, cross-border volatility spillovers dominate the behavior in national electricity markets in Europe-and this effect has grown … over time. We also implement an augmented gravity model of bilateral volatility spillovers across power markets in the EU …
Persistent link: https://www.econbiz.de/10015328189
We empirically examine U.S. monetary policy spillovers to the Middle East and Central Asia (ME & CA) region by … decomposing U.S. interest rates changes into two orthogonal shocks: the pure monetary policy shock and the information news shock …. Using a sample of 16 ME & CA countries, we find that when interest rates increase, the two shocks have opposite spillovers …
Persistent link: https://www.econbiz.de/10015058845
We examine three main channels through which U.S. monetary policy shocks affect firm investment in foreign countries: (1) the balance sheet channel; (2) the financial channel of the exchange rate; and (3) the trade channel. For this purpose, we use quarterly firm-level data for 63 advanced...
Persistent link: https://www.econbiz.de/10015060091
helps mitigate the initial impact of the shock but also promotes a faster recovery. In terms of mechanisms, our findings …
Persistent link: https://www.econbiz.de/10015060454
Inflation -- B. VAR Models -- C. Variable Coefficient Models -- D. Using Subcomponents of CPI -- IV. CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691172
This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory … of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results … suggest that monetary factors, in particular currency in circulation, play a major role in determining long-run inflation …
Persistent link: https://www.econbiz.de/10005826475