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than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when …, we show that inflation of poor households in Brazil was at least 11 percentage points higher than of the rich in the … aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality …
Persistent link: https://www.econbiz.de/10012388917
The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …
Persistent link: https://www.econbiz.de/10015051013
periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to … rates in order to control the exchange rate. This paper suggests that 'fear of inflation' provides justification for the …
Persistent link: https://www.econbiz.de/10010288059
/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature …-through regimes depending upon the magnitude of appreciations of a currency and inflation rates both in the short-run and in the long …
Persistent link: https://www.econbiz.de/10010273645
The role of the exchange rate under inflation targeting (IT) remains an unresolved issue in literature and policy … whether there is a relation between the nominal exchange rate regime and inflation performance in IT countries. We use a panel … regime that differs from a pure float entails higher or lower inflation. We use two de facto foreign exchange regime …
Persistent link: https://www.econbiz.de/10010325099
The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...
Persistent link: https://www.econbiz.de/10011807710
Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …
Persistent link: https://www.econbiz.de/10014000446
An important body of literature explores the political economy reasons underlying delays in macroeconomic stabilization. This paper develops a framework to analyze conflict between two groups of economic actors, one that has an endowment of internationally tradable goods and another that is...
Persistent link: https://www.econbiz.de/10014581754
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …
Persistent link: https://www.econbiz.de/10010294894
Inflation is one of the most important economic indicators for a country. Understanding inflation based on the consumer …-based inflation indicator via the help of the Laspeyres price index in the case of Azerbaijan to evaluate the post-booming period … prices, oil revenue, and real effective exchange rate (REER) demonstrate initial signals about the urban and rural inflation …
Persistent link: https://www.econbiz.de/10014090951