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Putting the New Keynesian Model to a Test

Straub, Roland; Peersman, Gert - International Monetary Fund (IMF) - 2006

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in reproducing the dynamic behavior of an economy following structural shocks is still...

Persistent link: https://www.econbiz.de/10005264045

The Plutocratic Bias in the CPI; Evidence From Spain

Castillo, Javier Ruiz; Ley, Eduardo; Izquierdo, Mario - International Monetary Fund (IMF) - 2000

We define the plutocratic bias as the difference between inflation measured according to the current official CPI and a … democratic index in which all households receive the same weight. We estimate that during the 1990s the plutocratic bias in Spain … mean absolute bias is significantly larger, 0.090. We can explain most of the oscillations experimented by the plutocratic …

Persistent link: https://www.econbiz.de/10005264149

Capital Flows and Financial Stability; Monetary Policy and Macroprudential Responses

Unsal, D. Filiz - International Monetary Fund (IMF) - 2011

The resumption of capital flows to emerging market economies since mid 2009 has posed two sets of interrelated challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and (ii) to minimize the risk that prolonged periods of easy...

Persistent link: https://www.econbiz.de/10009293772

The Myth of Post-Reform Income Stagnation : Evidence from Brazil and Mexico

Carvalho Filho, Irineu de - 2008

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...

Persistent link: https://www.econbiz.de/10014409055

Modeling Inflation for Mali

Diouf, Mame Astou - 2007

This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic explanations: (1) monetarist theories, emphasizing the impact of excess money supply, (2) the structuralist hypothesis, stressing the impact of supply-side constraints, and (3)...

Persistent link: https://www.econbiz.de/10012677447

Measuring Competitiveness.

Neary, J. Peter - 2006

Intro -- Contents -- I. INTRODUCTION -- II. MEASURING THE COST OF LIVING -- III. TRUE REAL EFFECTIVE EXCHANGE RATES -- IV. AN APPLICATION: THE IRISH ECONOMY'S EXPOSURE TO STERLING -- V. CONCLUSION -- Appendix -- References.

Persistent link: https://www.econbiz.de/10012691043

Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes.

Silver, Mick S. - 2006

Intro -- Contents -- I. INTRODUCTION -- II. HEDONIC INDEXES -- III. WHY HEDONIC IMPUTATION AND DUMMY TIME HEDONIC INDEXES DIFFER -- IV. CHOICE BETWEEN HEDONIC INDEXES AND DUMMY TIME HEDONIC INDEXES -- V. CONCLUSIONS -- References.

Persistent link: https://www.econbiz.de/10012691089

Why Elementary Price Index Number Formulas Differ : Price Dispersion and Product Heterogeneity

Silver, Mick S. - 2006

Intro -- Contents -- I. INTRODUCTION -- II. ELEMENTARY INDEX NUMBER FORMULAS, THEIR USE AND JUSTIFICATION -- III. DIFFERENCES BETWEEN THE JEVONS AND DUTOT FORMULAS -- IV. EMPIRICAL WORK -- V. IMPLICATIONS FOR CPI COMPILATION -- VI. SUMMARY -- Data Annex.

Persistent link: https://www.econbiz.de/10012691106

Core Inflation Measures and Statistical Issues in Choosing Among Them.

Silver, Mick S. - 2006

Intro -- Contents -- I. INTRODUCTION -- II. CONCEPTS AND PRACTICAL ISSUES -- III. SOURCES OF ERROR AND BIAS IN A CPI …

Persistent link: https://www.econbiz.de/10012691149

Weighted Median Inflation Around the World: A Measure of Core Inflation

Ball, Laurence M. - 2023

eliminates this bias, which is based on the percentile of sectoral inflation rates that matches the sample average of headline …

Persistent link: https://www.econbiz.de/10015059656