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the factors underlying inflation inertia by examining the cyclical behavior of marginal costs, as well as that of its two … as a tool to compare the characteristics of European inflation dynamics with those observed in the U.S. We also analyse …
Persistent link: https://www.econbiz.de/10005590697
of firing costs and job-to-job flows added to changes in unemployment benefits, could provide an explanation for …
Persistent link: https://www.econbiz.de/10005590698
restructuring and defaults; in the United Kingdom inflation has dominated, eroding the value of debt; and in Ireland and Spain the …
Persistent link: https://www.econbiz.de/10010862297
We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to … distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among … others. We find that structures in which large (more productive) firms predominate tend to deliver more muted inflation …
Persistent link: https://www.econbiz.de/10011105510
causality of the oil price by US inflation as is consistent with the theory. …
Persistent link: https://www.econbiz.de/10008486939
The purpose of this paper is to illustrate the implications for aggregate price dynamics of alternative characterizations of microeconomic price adjustment policies. Within the hazard adjustment framework developed in Caballero and Engel (1993a), we present alternative models of individual price...
Persistent link: https://www.econbiz.de/10005590672
, that the long-run costs of inflation are not explained by policies of financial repression, and second, that if inflation …The main contribution of this paper is to jointly estimate the effects of financial development and inflation on growth …. We aim to exploit both the cross-section and the time-series dimension of the data on inflation, growth and some banking …
Persistent link: https://www.econbiz.de/10005590692
Inflation has fallen dramatically in countries like Spain and Italy over the last decade, but the rate of increase in … productivity trends for the consistency of the Maastricht convergence criteria an for the differences in nation inflation rates …
Persistent link: https://www.econbiz.de/10005590705
and its implications for US output, hours and inflation. Second we evaluate the extent to which that responses can be …
Persistent link: https://www.econbiz.de/10005590706
This paper looks at the long term output effect of those monetary policies aimed at reducing inflation from its peak by …. Alternatively to the cross-country regression analysis we estimate a structural VAR model in output, inflation and unemployment. …
Persistent link: https://www.econbiz.de/10005590708