Showing 1 - 10 of 46
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009225992
This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …
Persistent link: https://www.econbiz.de/10004963627
The paper explores dynamics of inflation in Ukraine in the period of relative macroeconomic stability. The analysis of … interrelationship between inflation, money growth, wage growth, and a proxy for devaluation expectations is based on impulse responses … the most important factor driving price development, while money supply growth has negligible impact on inflation. In …
Persistent link: https://www.econbiz.de/10005068693
inflation convergence using different approaches, namely panel unit root tests, co-integration tests and error-correction models …
Persistent link: https://www.econbiz.de/10005068787
Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …
Persistent link: https://www.econbiz.de/10005068930
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10005068989
changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …
Persistent link: https://www.econbiz.de/10008869172
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10008636404
According to a widespread view, Germany's unemployment crisis is caused by rigid labour markets, low profitability and increasing international competition. We argue that this view does not provide a convincing explanation for the dramatic rise in Germany's unemployment rate since 1989, first...
Persistent link: https://www.econbiz.de/10009216268
-rate differentials, inflation, equity indices, and different volatilities. One exception is that removing controls on capital outflows …
Persistent link: https://www.econbiz.de/10010721647