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Företagens prispåslag och deras bidrag till högre priser 2019-2023

2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616725

A state theory of price levels

Barthélémy, Jean; Mengus, Eric; Plantin, Guillaume - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618255

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A state theory of price levels

Barthélémy, Jean; Mengus, Eric; Plantin, Guillaume - 2025

Book / Working Paper

Fiscal seigniorage and price level determination in a currency union

Schmidt, Sebastian - 2026

I study price level determination in a currency union when some member countries' government securities earn a convenience yield. These "convenience assets" generate fiscal seigniorage revenues that, given appropriate fiscal and monetary policies, back the union's price level, much like primary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605061

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Fiscal seigniorage and price level determination in a currency union

Schmidt, Sebastian - 2026

Book / Working Paper

South Africa’s inflation : monetary or fiscal?

Liu, Guangling; Solomon, Christopher D. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641465

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South Africa's inflation : monetary or fiscal

Liu, Guangling; Solomon, Christopher D. - 2025

Book / Working Paper

Did foreigners pay America's tariffs? : quantity discounts, scale economies and incomplete pass-through

Ganapati, Sharat; Hottman, Colin J. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641705

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Did Foreigners Pay America's Tariffs? : Quantity Discounts, Scale Economies and Incomplete Pass-Through

Ganapati, Sharat; Hottman, Colin J. - 2026

Book / Working Paper

Original sin, sovereign default, and the limits of the fiscal theory of the price level

Ocampo, Emilio - 2026

The Fiscal Theory of the Price Level (FTPL) argues that inflation adjusts to ensure that the real value of government liabilities equals the expected present value of future primary surpluses. This mechanism is plausible in economies whose public debt is predominantly denominated in domestic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656459

How far are we from the single market in Europe? : an analysis of price level convergence

Hukkinen, Juhana; Virén, Matti E. E. - 2026

This paper examines price level differences and their evolvement over time across the European Union to find out how far we are from the Single Market that is cornerstone of European integration. The central question is how large these differences are and how they have evolved during the EMU...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666634

Menu adjustment in response to the minimum wage : a return to the New Jersey-Pennsylvania border

Papps, Kerry L.; Strain, Michael R. - 2025

This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices of an entire menu of items at a single business adjust in response to a minimum wage increase. Using data we gather form a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015168447

Government debt and inflation : a cross-country investigation of the fiscal theory of the price level

Weber, Philipp; Feld, Lars P. - 2025

In the early 2020s sharp surge of inflation, unprecedentedly high levels of government debt and deficits fueled attention for the Fiscal Theory of the Price Level (FTPL). This theoretical framework for fiscally induced inflation is well-known and controversially discussed. However, empirical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374640

Monetary policy and the great COVID-19 price level shock

Andolfatto, David; Martin, Fernando M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210583

Monetary-fiscal policy mix and inflation in Korea

Chon, Sora; Kim, Wongi; Shim, Seri - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334855

Price gouging or market forces? : fairness perceptions of price hikes during the pandemic

Snir, Avichai; Levy, Daniel C.; Levy, Dudi; Chen, Haipeng - 2025

When and under what circumstances might people interpret a price increase as fair and acceptable is an important question in behavioral economics. We report the results of surveys we conducted in the US and Israel in 2020, a time when many prices increased following the spread of the COVID-19...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329939

A game-theoretic foundation for the fiscal theory of the price level

Norman, Thomas W. L.; Willems, Tim - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464488

Tariffs and trade deficits

Caliendo, Lorenzo; Kortum, Samuel; Parro, Fernando - 2025

We develop a dynamic multi-country Ricardian trade model with aggregate uncertainty, where trade imbalances emerge as countries exchange goods and assets. We introduce a method for computing counterfactuals in this setting, which doesn't require specifying the stochastic process of shocks or...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447997

Hyperinflation and explosive behaviour in the general price level

Crespo, Raul J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451901

Tradeoffs over rate cycles : activity, inflation and the price level

Forbes, Kristin; Ha, Jongrim; Kose, M. Ayhan - 2025

Central banks often face tradeoffs in how their monetary policy decisions impact economic activity (including employment), inflation and the price level. This paper assesses how these tradeoffs have evolved over time and varied across countries, with a focus on understanding the post-pandemic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405430

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Tradeoffs over rate cycles : activity, inflation and the price level

Forbes, Kristin; Ha, Jongrim; Kose, M. Ayhan - 2025

Book / Working Paper

Government expenditure shocks and inflation : a new fiscal policy rule with monetary and fiscal interactions

Garcia-Barragnan, Fernando; Liu, Guangling - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407699

Fiscal regimes and sustainability : insights from post-war Germany

Afonso, António; Jablonowski, Joshua - 2025

This paper investigates fiscal sustainability and the prevailing fiscal regime in the Federal Republic of Germany. Using annual data from 1950 to 2023, the long-term relationship between the primary balance and government debt is estimated using a single-equation error correction model (SECM)....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455837

The overstated effects of conventional monetary policy on output and prices

Enzinger, Matthias; Gechert, Sebastian; Heimberger, Philipp - 2025

We build a dataset of output and price effects of conventional monetary policy containing 146,463 point estimates and confidence bands from 4,871 impulse-response functions in 409 primary studies. Simple average responses suggest that interest rate hikes substantially dampen output and prices....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462516

Price-level targeting and inflation expectations : experimental evidence

Shukayev, Malik; Amano, Robert A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427107

Modeling monopoly money : the Neochartalist theory of the price level

Levey, Sam - 2025

This paper formalizes the theory of price level determination from Modern Monetary Theory by building two toy models of 'monopoly money'. Drawing inspiration from mainstream models of durable goods with monopoly producers, the government is modelled as the sole producer of its liabilities, which...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553740

Shocking the economy from 1967 up to 2023 : reinforcing the relevance of Divisia money in US monetary policy

Barrette, Christophe; Paquet, Alain - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624865

Regional price level estimates for medical services in the United States

Ackley, Calvin A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396226

What can we learn from Argentina's new economic regime?

Hukkinen, Juhana; Virén, Matti E. E. - 2025

Recent economic developments in Argentina give rise to several interesting observations about the workings and effects of economic policies. Of particular interest, of course, are the dramatic changes in inflation as a consequence of the economic policies of the newly elected President Javier...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396831

The country-product-dummy method with product-specific spatial price variation

Auer, Ludwig von; Weinand, Sebastian - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399502

U.S. wage-price dynamics, before, during and after COVID-19, through the lens of an empirical econometric model

Bårdsen, Gunnar; Nymoen, Ragnar - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015054212

Does the fiscal theory of the price level explain US postwar behaviour?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193946

On the mechanics of fiscal inflations

Bassetto, Marco; Benzoni, Luca; Hall, Jason - 2024

The goal of this paper is twofold. First, we wish to better explain the relationship between Sargent and Wallace's (1981) unpleasant monetarist arithmetic, the closely connected fiscal theory of the price level (FTPL), and the monetarist view of inflation. Second, we discuss how the recent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634111

Factors determining the average price level : a combined microeconomic and macroeconomic approach

Todorova, Tamara; Myftarallari, Brikena - 2024

We analyze various determinants of the average price level using a strictly mathematical approach. Starting with the microeconomic perspective, we review the effect of demand shifters such as consumer income and the level of advertising on the average price level in a simple partial market...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635965

Price-level determination under the gold standard

Fernández-Villaverde, Jesús; Sanches, Daniel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575698

Exiting from quantitative easing in an era of large government debt : inflation or default?

Niwa, Hidekazu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015066374

Analyzing the effectiveness of a system of equation model in comparison to single equation models for predicting general price level in Cambodia

Lim, Siphat; Flores, Edman; Barnett, Casey - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015085224

The effect of monetary policies on inflation : A fiscal perspective

Jiang, Shifu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015077959

The effects of minimum wages on employment and prices : evidence from the hairdressing sector

Kunaschk, Max - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014534739

Non-linear inflation dynamics in menu cost economies

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014490855

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Non-Linear Inflation Dynamics in Menu Cost Economies

Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, … - 2024

Book / Working Paper

Putting the price in asset pricing

Cho, Thummim; Polk, Christopher - 2024 - This version: September 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446429

Does the fiscal theory of the price level explain US postwar behaviour?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2024

We implement a quantitative empirical test of the fiscal theory of the price level (FTPL) model via indirect inference, comparing it to a standard New Keynesian model. The FTPL alternative creates a serious instability problem because it triggers a 'doom loop'in which inflation pushes up...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015149626

Estimating regional house price levels

Pionnier, Pierre-Alain; Schuffels, Johannes - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015168555

A chronological analysis of inflation dynamics in Kenya

Kimolo, Deogratius W.; Odhiambo, Nicholas M.; Nyasha, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052604

Inflation dynamics in post-independence Rwanda

Kimolo, Deogratius W.; Odhiambo, Nicholas M.; Nyasha, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052605

Inflation dynamics in Uganda during the post-independence

Kimolo, Deogratius W.; Odhiambo, Nicholas M.; Nyasha, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015052610

Unique implementation of permanent primary deficits?

Amol, Amol; Luttmer, Erzo Gerrit Jan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015127442

Can growth stabilize debt? : a fiscal theory perspective

Schmöller, Michaela; McClung, Nigel - 2024 - Updated 14 June 2024

This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Endogenous growth constitutes a self-financing mechanism for deficits which backs debt and attenuates fiscal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130300

Market size in pricing problems on multi-sided matching platforms

Arenas M., Jorge - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015177089

South African inflation response to fiscal policy shocks

Buthelezi, Eugene Msizi - 2024

The research employs Bayesian Vector Autoregressions with hierarchical priors to analyze the intricate economic implications of fiscal policy shocks on inflation, monetary policy, and fiscal authorities in the context of South Africa. The study explores data spanning from 1979 to 2022. Contrary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196300

Fear, indeterminacy, and policy responses

Khorrami, Paymon; Mendo, Fernando - 2024

We study the global dynamics of the fully stochastic nonlinear version of the New Keynesian model and analyze the efficacy of various policies as equilibrium selection tools in this context. First, we unveil a new class of equilibria, characterized by selffulfilled beliefs about output...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329692

The perils of a dual mandate

Cantore, Cristiano; Dhamija, Vedanta - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550597

El nivel de precios bajo distintos patrones mercancía

Ávila, Jorge C. - 2024

The purpose of the essay is to understand the monetary working of various commodity standards, both historical and conceptual: common building brick, monometallic, bimetallic, symmetallic and commodity basket. We distinguish between the stocks market (money) and the flows market (commodity), and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015554132

Gas price shocks and euro area inflation

Adolfsen, Jakob Feveile; Ferrari, Massimo Minesso; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015183259

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Gas price shocks and euro area inflation

Adolfsen, Jakob Feveile; Ferrari, Massimo Minesso; … - 2024

Book / Working Paper

U.S. wage-price dynamics, before, during and after COVID-19, through the lens of an empirical econometric model

Bårdsen, Gunnar; Nymoen, Ragnar - 2024 - Preliminary version, 11 May 2024

We specify an empirical model of US inflation which has the dynamics of wage and price setting at its core. In the dynamic wage equation an equilibrium-correction term connects the wage level to industrial prosperity indicators. In that way, the role of wage setting in the dynamics of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014577654