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inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …. The implication is that reduced inflation volatility (holding trend inflation constant) helps stabilize the business cycle …
Persistent link: https://www.econbiz.de/10013060326
Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …
Persistent link: https://www.econbiz.de/10015210370
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation thresholds ; inflation and growth ; dynamic panel threshold model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …
Persistent link: https://www.econbiz.de/10003871757
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation Thresholds ; Inflation and Growth ; Dynamic Panel Threshold Model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …
Persistent link: https://www.econbiz.de/10003876000
We propose an unobserved components model with stochastic volatility and structural shocks to explore the relevant … factors that influence trend inflation in the USA. Using structural shocks that incorporate a broad set of information for the … US economy, we find that four structural shocks have significant effects on trend inflation: productivity, price mark …
Persistent link: https://www.econbiz.de/10014483507
The estimation of inflation volatility is important to Central Banks as it guides their policy initiatives for … Heteroscedasticity (GARCH) family with a view to providing a parsimonious approximation to the dynamics of Nigeria's inflation volatility … impact of inflation shocks on headline volatility die out rather quickly. Secondly, substantial evidence of asymmetric effect …
Persistent link: https://www.econbiz.de/10011476231
This paper examines four unresolved issues regarding the effects of GDP and inflation on financial development: (i …-linear? (iii) Does financial development vary with inflation rates? (iv) Does inflation moderate the effect of GDP on financial … development? The authors employ the newly developed dynamic Common Correlated Effects (CCE) and dynamic panel system Generalized …
Persistent link: https://www.econbiz.de/10011976076
question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … gap by employing a panel data set on central bank transparency. We find that transparency significantly reduces inflation … same is true for inflation volatility: central bank transparency seems to diminish inflation uncertainty. This confirms the …
Persistent link: https://www.econbiz.de/10011525911
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …
Persistent link: https://www.econbiz.de/10012608712