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movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …
Persistent link: https://www.econbiz.de/10012206373
compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …
Persistent link: https://www.econbiz.de/10010291507
and beyond the determinants of currency invoicing (i.e., inflation rate, inflation volatility, foreign exchange market … by a drop in inflation volatility. …
Persistent link: https://www.econbiz.de/10010275698
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …
Persistent link: https://www.econbiz.de/10010309815
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …
Persistent link: https://www.econbiz.de/10010310642
We use the behavioral equilibirum exchange rate (BEER) approach to examine the extent of real exchange rate misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange rates, relative productivity, trade balance and terms of...
Persistent link: https://www.econbiz.de/10011505006
In the present study we analyse relevant macro- and microeconomic forces driving inflation in the Czech Republic with a … nominal trend appreciation of the koruna after euro adoption are likely to be rather low. In contrast, a low inflation … that inflation hikes will remain limited after the euro adoption. The fulfilment of the Maastricht inflation criterion …
Persistent link: https://www.econbiz.de/10011347044
This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries in ation into country-specific (idiosyncratic) and region-wide (common) components. To do so, we propose a exible empirical framework based on dynamic factor models subject to drifting...
Persistent link: https://www.econbiz.de/10012181317
of uncontested success in the fight against inflation in the first decade of the transition and economic growth, entering …
Persistent link: https://www.econbiz.de/10012010801
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 … changes than for small ones in 9 out of 12 EA countries. -- exchange rate pass-through ; inflation ; smooth transition …
Persistent link: https://www.econbiz.de/10009572760