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transmission channels by which the purchases can be expected to affect economic activity and inflation. Then we assess the effects …
Persistent link: https://www.econbiz.de/10011277927
In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in …
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for their average is important for better monitoring and forecasting of inflation in the euro area. In this paper we seek …
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Price versus productivity indexing is considered in a model of monetary policy with wage bargaining. The wage-indexing rule is negotiated in a first stage of the game between government, union and firm.
Persistent link: https://www.econbiz.de/10005671385
This paper proposes a monetary policy game based on a microfounded general equilibrium model. The approach allows some key features of the policy game to be related to basic technological and preference parameters. Moreover, it shows how results are affected by the presence of non-atomistic...
Persistent link: https://www.econbiz.de/10005780671
The empirical literature on the transmission of monetary policy to inflation in Italy has stressed the importance of … the exchange rate and, to some extent, of the demand channel; recently, the roles of inflation expectations and the fiscal … situation have been emphasized. This paper uses vector auto-regression to address this issue. The results suggest that inflation …
Persistent link: https://www.econbiz.de/10005780682