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In this paper we analyse the Harmonised Index of Consumer Prices, which plays a key role in conduct of monetary policy … in the euro area. Knowledge of the characteristics of the short-term evolution of consumer prices for each country and …
Persistent link: https://www.econbiz.de/10005671378
In this paper, econometric techniques are employed to analyze the continuous and remarkable growth which has characterized international stock markets since 1995. The Campbell and Shiller dividend discount model, a dynamic version of Gordon's formula commonly employed by financial analysts to...
Persistent link: https://www.econbiz.de/10005671380
What kind of information do stock prices offer for predicting velocity? This paper develops previous work by Milton …
Persistent link: https://www.econbiz.de/10005780692
The question addressed by this study is whether consumers remember past prices correctly. We test Italian citizensï …¿½ memory for cinema prices with questionnaires distributed to moviegoers. The analysis concentrates on the memory of pre …-euro prices, but the recall for a more recent period is also investigated. The results show that only a small percentage of …
Persistent link: https://www.econbiz.de/10005770754
In the case of the consumer price index the importance of a seasonally adjusted measure lies in the possibility of promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most used measure of Italian inflation. Our aim is to identify...
Persistent link: https://www.econbiz.de/10005486712
This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers� social security …
Persistent link: https://www.econbiz.de/10005113650
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