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of June and July. Moreover, costs of raw materials, cost of energy and inflation are the main determinants of price … of the firms index their workers wages with inflation and past inflation rate is usually used for the purpose. Labour … productivity and changes in inflation rate are found to be the main causes of wage change. …
Persistent link: https://www.econbiz.de/10009364002
macroeconomic performance can be improved, in terms of stability in inflation and output, when a simple Taylor rule is adopted. In … this regard the parameter values (especially the inflation target) in the rule must be set according to the conditions of …
Persistent link: https://www.econbiz.de/10009365462
best and most well-known indicator of inflation, which is further used for evaluating the monetary and fiscal policy of a … national income accounts, purchasing power parity index, inflation incidence for different income groups of population, impact … of inflation on demographic composition of the population. Any measurement error in CPI may overstate or understate …
Persistent link: https://www.econbiz.de/10009365484
The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …, which tend to increase with age, aggravate the psychological trauma associated with inflation. The decline of traditional …
Persistent link: https://www.econbiz.de/10009363830
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914
This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the … effective hedge against inflation usingmonthly data on real stock return, inflation and real activity from April 1980 to March … real activity; (ii) the negative stock returns-inflation relation emerges fromthe unexpected component of the inflation and …
Persistent link: https://www.econbiz.de/10009365438
debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …
Persistent link: https://www.econbiz.de/10009363856
structure of Indian inflation and its measurement are examined. Simulations give the welfare effects of different types of … inflation targeting. Flexible CPI inflation targeting (CIT) without lags works best, especially if the economy is more open. But …, making the supply curve flatter. As long as such intervention is required, domestic inflation targeting (DIT) continues to be …
Persistent link: https://www.econbiz.de/10009365492
of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however …
Persistent link: https://www.econbiz.de/10009365497
This paper studies an alternative bias correction for the M-estimator, which is obtained by correcting the moment equation in the spirit of Firth (1993). In particular, this paper compares the stochastic expansions of the analytically bias-corrected estimator and the alternative estimator and...
Persistent link: https://www.econbiz.de/10009365072