Showing 1 - 10 of 17,975
This paper investigates inflation convergence among European countries by using sector-level data for the period … is useful to analyze changes in inflation convergence and the corresponding speed of convergence over time. The results … suggest evidence for inflation convergence for the majority of sectors within Europe, although disruptions have been …
Persistent link: https://www.econbiz.de/10013215887
In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers’ forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its …’s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to …
Persistent link: https://www.econbiz.de/10014257255
We use a New Keynesian DSGE model with search frictions on the housing market to evaluate how financing a labor tax reduction by higher property taxation affects the real economy and welfare. Search on the housing market enables us to explicitly model stocks and flows, which is necessary to...
Persistent link: https://www.econbiz.de/10012898122
useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …
Persistent link: https://www.econbiz.de/10012859867
We analyze cross-household inflation dispersion in Europe using “fictitious” monthly inflation rates for several … to 2008. Our analysis is carried out on a panel of 23 up to 27 household-specific inflation rates per country for 15 … cross-country differences in inflation inequality with respect to the number of driving forces in the panel. In particular …
Persistent link: https://www.econbiz.de/10014157082
Inflation rates differ across households depending on their sociodemographic characteristics. This paper calculates the … inflation rates experienced by income quintiles in the US, the EU, France, Germany, Italy, Spain, and the UK between 2001 and … 2021. The results indicate substantial inflation inequality between quintiles. Households with lower income experienced …
Persistent link: https://www.econbiz.de/10014518588
In the following text we will analyze the problems stemming from incorrect definitions of inflation and deflation … deflation issue and to show the flawed comparison between two evils: the smaller one - inflation, and the bigger one - deflation …
Persistent link: https://www.econbiz.de/10012770313
Building on the growing evidence on the importance of large data sets for empirical macroe-conomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and...
Persistent link: https://www.econbiz.de/10011691548
Hinsicht vergleichen wir die Auswirkungen eines Unsicherheitsschocks in den USA und der Eurozone. Unseren Ergebnissen zufolge … Auswirkungen. In dieser Hinsicht erweist sich die Schweiz als das am stärksten betroffene Land in Europa außerhalb der Eurozone …
Persistent link: https://www.econbiz.de/10011640939
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10012110907