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-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …
Persistent link: https://www.econbiz.de/10010293509
We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies … are more important in explaining producer price inflation than consumer price inflation in the 10 Asian economies. On the … other hand, for consumer prices, demand-pull factors still explain much of the inflation. Finally, we find that the …
Persistent link: https://www.econbiz.de/10011725564
towards the regression line but there is no shorter-term trade-off between fast real convergence and low inflation. Contrary … to popular perception high inflation is not necessary for fast convergence. Moreover the trajectories of certain euro …. However retaining one's national currency is not risk-free, even if domestic inflation is low, and even though subsequent …
Persistent link: https://www.econbiz.de/10012099878
developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to …
Persistent link: https://www.econbiz.de/10013373857
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012521148
Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … has on average been subdued. This study analyses the differences in growth performance and macroeconomic stability across … inflation under control, which will depend in great part on their ability to maintain fiscal discipline and sustainable current …
Persistent link: https://www.econbiz.de/10011430893
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises …
Persistent link: https://www.econbiz.de/10010513258
It is widely believed that price stability promote long-term economic growth, whereas high inflation is inimical to … above it, the magnitude of the negative effect of inflation on growth was high. The negative and significant relationship … between inflation and economic growth for inflation rates both below and above the threshold level is robust with respect to …
Persistent link: https://www.econbiz.de/10011482569
inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth. …
Persistent link: https://www.econbiz.de/10010276546
examine the relationship with inflation and growth in developing countries. For an identical sample of observations from 73 … countries for 1984-2001, only the scheme based on parallel rates suggests a significant effect (negative) of floating on growth …. Floats that claim to be pegs, or have high exchange rate volatility, are the ones with lower growth. Hard pegs offer …
Persistent link: https://www.econbiz.de/10010319093