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There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …
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This paper examines the monetary policy transmission mechanism in four systemically important economies. The impact of monetary policy is found to be broadly comparable for China, the US, the Eurozone, and Japan. Identifying a role for the financial sector is essential to unpacking various...
Persistent link: https://www.econbiz.de/10012909440
Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial … form of flexible inflation targeting (FIT). It is characterized by an explicit concern over exchange rates. The empirical …
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similar impact across all three economies considered. This is true for monetary policy and the response of global inflation to …
Persistent link: https://www.econbiz.de/10014447638