Showing 1 - 10 of 1,958
. This paper investigates the transmission of external shocks to these economies via their impact on inflation and inflation … volatility. The empirical results suggest that in both Indonesia and Thailand, inflation and inflation volatility are more … sensitive to external shocks relative to domestic shocks, consistent with the globalization hypothesis. Inflation and inflation …
Persistent link: https://www.econbiz.de/10012863142
This paper surveys and examines the sources of fluctuations in inflation and output in Turkey. Using a dynamic open … indicate that inflation is driven by monetary and real demand disturbances while output is mainly driven by aggregate supply … disturbances. The historical decomposition shows that a substantial portion of inflation is aggregate demand-driven core inflation …
Persistent link: https://www.econbiz.de/10014127433
strength of upstream and downstream effects. Tariffs raise inflation no matter what, but how persistently they do so also …
Persistent link: https://www.econbiz.de/10015407816
This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …
Persistent link: https://www.econbiz.de/10011402440
aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10010260622
coordinated wage bargaining systems have a dampening impact on inflation volatility. …
Persistent link: https://www.econbiz.de/10011605051
This paper investigated the link between inflation and the top decile income share after the global financial crisis …. The analysis was done on a sample of 42 countries. We found that higher inflation has reduced the income going to the top … decile. The main explanation is that inflation has eroded their labour income, differently from the low-income individuals …
Persistent link: https://www.econbiz.de/10010374488
aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10011476471
across the sample. Evidence in favour of a diminishing effect of oil price shocks on the output and inflation is found from … in the last part of the 1990s and, especially, for the CPI inflation in the 2000s. The most outstanding result is that … the oil price movements could explain at least some of the recent inflation, the main difference between these outcomes …
Persistent link: https://www.econbiz.de/10011575575
Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise" model lost its central place in the area within a decade because of empirical difficulties. However, Lucas's novel methodology, based on clearing markets and rational...
Persistent link: https://www.econbiz.de/10012705131