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pre-pandemic average price volatilities and the price shocks in the COVID-19 and Ukraine war inflation yield an almost … have become frequent and inflation has returned. This raises the question how sector-specific shocks are related to overall … price stability. This paper simulates price shocks in an input-output model to identify sectors which present systemic …
Persistent link: https://www.econbiz.de/10014480586
We try to examine the potential of input–output price model to identify mechanisms of price formation and transmission …. In the presented study, the historical values of the commonly used consumer price index were decomposed according to the … classic input–output price model for an open economy. A sequence of ex post simulations under various assumptions was used to …
Persistent link: https://www.econbiz.de/10013198872
a consequence, to forecast inflation. The study is a continuation of previous simulation experiments performed on a …
Persistent link: https://www.econbiz.de/10012294767
This paper uses input–output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a...
Persistent link: https://www.econbiz.de/10011883039
surging profits. This implies that the introduction or strengthening of price controls would help to rapidly bring inflation …The return of persistent inflation in OECD countries has been the most significant macroeconomic phenomenon in recent … maintain their levels of profitability in each of the European economies analysed, confirming that inflation hikes were led by …
Persistent link: https://www.econbiz.de/10014550855
We try to examine the potential of input-output price model to identify mechanisms of price formation and transmission …. In the presented study, the historical values of the commonly used consumer price index were decomposed according to the … classic input-output price model for an open economy. A sequence of ex post simulations under various assumptions was used to …
Persistent link: https://www.econbiz.de/10013288363
delivered for private consumption. A temporary drop in the level of underlying inflation, e.g. around the second oil-price shock …The paper analyses the development in inflation in Denmark during the last century. New annual input-output based time …-series data for the underlying domestic inflation in Denmark 1903-2002 is constructed by stripping the development in the private …
Persistent link: https://www.econbiz.de/10003290129
We analyse the elasticity of the household consumption expenditure (HCE) deflator to the exchange rate, using world input-output tables (WIOT) from 1995 to 2019. In line with the existing literature, we find a modest output-weighted elasticity of around 0.1. This elasticity is stable over time...
Persistent link: https://www.econbiz.de/10012648943
low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of …The impact of macroeconomic management (monetary policy) and administrative price adjustments on price variability in a … administrative price changes and monetary policy. If monetary policy does not account for expected changes in administrative prices …
Persistent link: https://www.econbiz.de/10014066950
This paper estimates core inflation in Norway, identified as that component of inflation that has no long-run effect on … GDP. The model distinguishes explicitly between domestic and imported core inflation. The results show that (domestic …) core inflation is the main component of CPI inflation. CPI inflation, however, misrepresents core inflation in some periods …
Persistent link: https://www.econbiz.de/10013317981