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. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for …
Persistent link: https://www.econbiz.de/10005344838
model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …
Persistent link: https://www.econbiz.de/10005162924
Abstract: An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most...
Persistent link: https://www.econbiz.de/10005162871
This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than … accurate estimates of inflation for the current and followings months. In particular, this paper uses the Weekly Oil Bulletin …
Persistent link: https://www.econbiz.de/10008917863
The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead construct forecasts of its components and then sum these component forecasts. Notwithstanding some underlying theoretical results, it is generally accepted that forecast aggregation is...
Persistent link: https://www.econbiz.de/10009228752
inflation”. We start from a careful modeling of optimal price setting allowing for non-unitary factor substitution, non …-stickiness estimates than otherwise and suggests a more balanced weight of backward and forward-looking inflation expectations than … commonly found. Our results challenge existing views of inflation determinants and have important implications for modeling …
Persistent link: https://www.econbiz.de/10009276059
for inflation and for real economic development. JEL Classification: E41, E52, E58 …
Persistent link: https://www.econbiz.de/10010686786
impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …
Persistent link: https://www.econbiz.de/10010688316
impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …
Persistent link: https://www.econbiz.de/10008602651
This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … monetary policy regime thereafter. Results based on alternative definitions of inflation persistence support these findings …, although, they suggest that at the country level, a drop in German inflation persistence and a sizeable shift in the mean of …
Persistent link: https://www.econbiz.de/10005530679