Showing 1 - 10 of 150
We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … of inflation above 3 percent has a substantial deleterious effect, but lowering it below 3 percent has no significant … may fail to detect a significant negative effect of trend inflation on output even when such an effect exists in reality. …
Persistent link: https://www.econbiz.de/10010925734
In this research paper ARCH-type models are applied in order to estimate the Value-at-Risk (VaR) of an inflation …-index futures portfolio for several time-horizons. The empirical analysis is carried out for Mexican inflation-indexed futures … time horizons. These results have implications for short-term inflation forecasts. By estimating confidence intervals in …
Persistent link: https://www.econbiz.de/10010322620
aggregate demand still can cause significant inflation. …
Persistent link: https://www.econbiz.de/10014304780
We calculate global inflation as the first principal component of inflation in a sample of emerging market and advanced … economies and find that it may account for an important fraction of headline and core inflation variance across countries. We … then show that global inflation is correlated with international commodity price variation, the global economic cycle, and …
Persistent link: https://www.econbiz.de/10014319980
between inflation dynamics and rising market concentration. …
Persistent link: https://www.econbiz.de/10014442983
The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of … continuing low inflation, but also its coexistence with rapid growth and low real interest rates. Unfortunately, the analysis …
Persistent link: https://www.econbiz.de/10009305090
production and inflation of manufactured goods in Mexico within the context of the pandemic. Under the identification of a … production and inflation of manufactured goods in the Northern and North-Central regions. …
Persistent link: https://www.econbiz.de/10014540971
I study the diffusion process of permanent disinflationary shocks in the Mexican economy using disaggregated price data for 283 goods across 46 cities in the period 1995-2012. I first show that the distribution of shocks shows considerable heterogeneity, with more than 80% of all cases having...
Persistent link: https://www.econbiz.de/10010392370
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011445082
seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …
Persistent link: https://www.econbiz.de/10011445093