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betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und …This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second …
Persistent link: https://www.econbiz.de/10009124276
Persistent link: https://www.econbiz.de/10008934390
This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated …
Persistent link: https://www.econbiz.de/10013125626
It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be …
Persistent link: https://www.econbiz.de/10012728722
This paper analyses the post-pandemic inflation dynamics in Canada using a behavioral macroeconomic model of the Bank …-pandemic inflation can be explained by these simple heuristics and traced back to the lifting of economic restrictions in mid-2020 …, triggering demand-pull inflation. This result suggests that the cost-push inflation in 2021 and beyond actually originated from a …
Persistent link: https://www.econbiz.de/10014256410
most countries, and once we control for a lagged inflation term, we find that the majority of the price setters are …
Persistent link: https://www.econbiz.de/10014065087
of second moments of inflation for six countries, the US, the UK, Germany, France, Canada, and Japan. We evaluate the … models' abilities to match empirical second moments of inflation evaluating moment distributions generated by model …
Persistent link: https://www.econbiz.de/10010271423
This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated …
Persistent link: https://www.econbiz.de/10009018925
authority's concern for inflation. These determinacy bounds are obtained by appealing to frequency domain techniques that …
Persistent link: https://www.econbiz.de/10014336765
examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms' costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …
Persistent link: https://www.econbiz.de/10009524830