Showing 1 - 10 of 94
This paper investigates the extent to which cross-country differences in aggregate participation rates can be explained by divergence in tax-benefit systems. We take the example of two countries, the Czech Republic and Hungary, which – despite a lot of similarities – differ markedly in...
Persistent link: https://www.econbiz.de/10011156829
The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … productivity allows for self-selection among firms. Because of productivity heterogeneity, only high-productivity firms (that are … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because …
Persistent link: https://www.econbiz.de/10011196011
We study the behavior of inflation rates among the 12 initial Euro countries in order to test whether and when the … this new procedure to Euro area inflation, we find strong and lasting evidence of convergence among the inflation rates … the occurrence of the single currency. After the 2008 crisis, Euro area inflation rates follow the ECB’s price stability …
Persistent link: https://www.econbiz.de/10009019288
assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …
Persistent link: https://www.econbiz.de/10009293540
monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …
Persistent link: https://www.econbiz.de/10010816004
sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …
Persistent link: https://www.econbiz.de/10010816022
This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller's reputation in the long run. We model firms' trade-off and study...
Persistent link: https://www.econbiz.de/10010534896
Persistent link: https://www.econbiz.de/10008528492
This paper aims at evaluating the impact of globalization, if any, on inflation and the inflation process. We estimate … commodity import price inflation on CPI inflation depends on the volume of commodity imports while the impact of non …-commodity import price inflation is independent of the volume of non-commodity imports. Second, focusing on the role of intra …
Persistent link: https://www.econbiz.de/10008528501
'une faible inflation (2%) a une inflation nulle pour les economies francaise, allemande, britannique, espagnole et americaine …
Persistent link: https://www.econbiz.de/10005781191