Showing 1 - 10 of 28
This paper proposes an empirical investigation of the impact of oil price forecast errors on inflation forecast errors … for two different sets of recent forecasts data: the median of SPF inflation forecasts for the U.S. and the Central Bank … inflation forecasts for France. Mainly two salient points emerge from our results. First, there is a significant contribution of …
Persistent link: https://www.econbiz.de/10011079243
Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...
Persistent link: https://www.econbiz.de/10005056512
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
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
return on assets is determined by incentives eliciting voluntary debt repayment. I show that the inflation rate or, more …, money is used in equilibrium and the optimal inflation rate is positive. …
Persistent link: https://www.econbiz.de/10009320820
This paper explores how different types of financial regulation could combat many of the phenomena that were observed in the financial crisis of 2007 to 2009. The primary contribution is the introduction of a model that includes both a banking system and a “shadow banking system” that each...
Persistent link: https://www.econbiz.de/10010815967
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
The paper develops a model for forecasting inflation in France. As this model has to be integrated in the Eurosystem …
Persistent link: https://www.econbiz.de/10008503203
Persistent link: https://www.econbiz.de/10008528492