Showing 1 - 9 of 9
We examine the relationship between inflation and unemployment in the long run, using quarterly US data from 1952 to … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run. … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads …
Persistent link: https://www.econbiz.de/10010552486
-run nor in the long-term and; (2) with the exception of financial size that impacts inflation in the EAMZ in the short …
Persistent link: https://www.econbiz.de/10010862079
past decade. Design/methodology/approach – We limit our sample to a panel of African countries for which inflation is non …) There are significant long-run equilibriums between inflation and each financial dynamic. (2) When there is a disequilibrium …, while only financial depth and financial size could be significantly used to exert deflationary pressures, inflation is …
Persistent link: https://www.econbiz.de/10010862086
Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation …, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV in the United … States during the 1980s recession was monotonically decreasing in unanticipated inflation. We suggest a reason for this …
Persistent link: https://www.econbiz.de/10010552476
factors that drive inflation volatility. Among the significant determinants of volatility are average inflation rates …
Persistent link: https://www.econbiz.de/10010611227
There is now a large empirical literature on the effect of the aggregate inflation rate on (i) the dispersion of prices … across goods or locations (relative price variability, or RPV) and (ii) the dispersion of inflation rates across goods or … locations (relative inflation variability, or RIV). In the early part of this literature, empirical modelling is explicitly …
Persistent link: https://www.econbiz.de/10010639503
management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …
Persistent link: https://www.econbiz.de/10010693297
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …
Persistent link: https://www.econbiz.de/10010693300
in absolute measures have positive elasticities of inflation; while (2) financial efficiency and size in relative … measures have negative elasticities of inflation. Social implications – This paper helps in providing monetary policy options …
Persistent link: https://www.econbiz.de/10010695996