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The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …
Persistent link: https://www.econbiz.de/10015394329
developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …
Persistent link: https://www.econbiz.de/10013256317
developments, the risk of stagflation—a combination of high inflation and sluggish growth—has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …
Persistent link: https://www.econbiz.de/10014082577
This article investigates the reasons of stagflation, as of one of the most complicated and undesirable state, as well … as its socioeconomic features. This works aims representation of analysis of the socioeconomic results of stagflation in … stagflation, its impact on economic development of the country and welfare of each citizen, effectiveness of monetary regulations …
Persistent link: https://www.econbiz.de/10012951908
developments, the risk of stagflation—a combination of high inflation and sluggish growth—has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …
Persistent link: https://www.econbiz.de/10014256426
Persistent link: https://www.econbiz.de/10014334700
contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …
Persistent link: https://www.econbiz.de/10010274442
inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this … contrast, the influence of Japanese and euro area excess liquidity on euro area inflation is more limited. …
Persistent link: https://www.econbiz.de/10010299143
do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank …'s objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the …
Persistent link: https://www.econbiz.de/10013548986
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010208787