Showing 1 - 10 of 1,759
confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …
Persistent link: https://www.econbiz.de/10005837208
dataset of political elites’ inflation statements and measure each statements’ information precision. I then test whether or … information precision, through its attenuating effects on inflation expectations, lowers inflation. Furthermore, I find that this …
Persistent link: https://www.econbiz.de/10011110786
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10005014711
This paper presented the salient features of current Monetary Policy and its effectiveness to control inflation in … Pakistan. The monetary authority was successful in controlling inflation when it successfully controlled the money supply … concluded that in the recent years SBP failed to control money supply and hence rate of inflation within the set target level …
Persistent link: https://www.econbiz.de/10005617134
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the … less formally the inflation targeting, in order to gain appreciation from the international financial institutions. Most of … these central banks announced the applying of a flexible inflation targeting which could mask the time-inconsistent monetary …
Persistent link: https://www.econbiz.de/10011259701
The main objective of this study is to investigate the long run trade-off between unemployment and inflation in Egypt … analysis confirm a positive relationship between changes in inflation rate and unemployment gap in the long run, which is … consistent with “Locus Critique” where a policy of inflation would fail to reduce the unemployment rate in the long run, because …
Persistent link: https://www.econbiz.de/10011108182
There is no Phillips curve in the United States, i.e. unemployment does not drive inflation at any time horizon. There … is a statistically robust anti-Phillips curve - inflation leads unemployment by 10 quarters. Apparently, the anti … not reject the hypothesis that there exist a long-term equilibrium relation between inflation and unemployment in the US …
Persistent link: https://www.econbiz.de/10005621243
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...
Persistent link: https://www.econbiz.de/10011110135
This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …
Persistent link: https://www.econbiz.de/10011113326
Can the South African Reserve Bank’s (SARB) substantially control inflation within their set target of 3-6 percent? We … aggregated inflation data collected between 2003 and 2014. To this end, we employ the three-regime threshold autoregressive (TAR … for varying persistency within the autoregressive (AR) components of the inflation process. Our empirical explorations …
Persistent link: https://www.econbiz.de/10011113895