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dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …
Persistent link: https://www.econbiz.de/10012597232
relation to the recently completed Danish Price History Project. If one define price stability as an inflation rate around 2 … four decades following the end of the Second World War where inflation expectations lost their anchor. …
Persistent link: https://www.econbiz.de/10010321177
paper estimates the global commodity prices pass-through to consumer price inflation in Africa. Our sample includes monthly …Global commodity prices spikes can have strong macroeconomic effects, par- ticularly in developing countries. This … data for 48 countries over the period 2002m02-2021m04. We consider 17 commodity prices separately to take into account both …
Persistent link: https://www.econbiz.de/10014342577
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …
Persistent link: https://www.econbiz.de/10010433361
A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose … fluctuations "pass through" into import and consumer prices. We show that in a standard open-economy model the relationship between … exchange rates and prices depends on the shocks which cause the exchange rate to move. Then we develop an SVAR framework for a …
Persistent link: https://www.econbiz.de/10011384119
This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … food retail prices through the food production chain, but also trigger indirect effects via rising inflation expectations …
Persistent link: https://www.econbiz.de/10011931321
other hand, for consumer prices, demand-pull factors still explain much of the inflation. Finally, we find that the …We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies … during 2000-2015. In this connection, we also investigate the pass-through of global oil prices, global food prices, and …
Persistent link: https://www.econbiz.de/10011579513
traditional vehicle for a transmission of external shocks to domestic prices is affected by exchange rate arrangement adopted by … exchange rate pass-through to domestic prices in the European transition economies. We estimate VAR model to investigate (1 … rate passthrough to domestic prices according to the baseline period as well as the exchange rate regime diversity. …
Persistent link: https://www.econbiz.de/10011553101
The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …
Persistent link: https://www.econbiz.de/10011797160
to recover such figures of inflation using prices of postage stamps issued in earlier years. We illustrate our method for …For many developing countries, historical inflation figures are rarely available. We propose a simple method that aims … Suriname, where annual inflation rates are available for 1961 until 2015, and where fluctuations in inflation rates are …
Persistent link: https://www.econbiz.de/10011854870