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concerned with themodelling and forecasting of two U.S. macroeconomic time series:inflation and industrial production. …
Persistent link: https://www.econbiz.de/10011255780
, notwithstanding that inflation in some countries tends to converge towards the euro area level. Overa11, inflation persistence has … the euro area is not an optimal currency area yet, lending support to the quest for further structura1 reforms in European …
Persistent link: https://www.econbiz.de/10011256191
In this paper we develop and estimate a behavioral model of inflation dynamics with monopolistic competition, staggered … naive. Fundamentalists are forward-looking in the sense that they believe in a present-value relationship between inflation … forecast future inflation. Agents are allowed to switch between these different forecasting strategies conditional on their …
Persistent link: https://www.econbiz.de/10011256332
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011257504
crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …
Persistent link: https://www.econbiz.de/10011257626
fear of failure. Ceteris paribus, women and men have different perceptions of the business environment and, as a result …
Persistent link: https://www.econbiz.de/10011255521
perceptions and views of urban policy makersand/or administrative officials (denoted as urban frontliners). This is followed by … describe and test the rela-tionships between perceptions of the city, policy makers'beliefs about ICT and the associated urban …
Persistent link: https://www.econbiz.de/10011256111
describe and test therelationships between perceptions of the city, policy makers' beliefs about ICT and theassociated urban …
Persistent link: https://www.econbiz.de/10011256188
In our modern network world, ICT acts as a connecting and integratingmechanism. Information (data, knowledge)has become a core constellation in an open economy. The avalanche ofinformation supply however, has not keptpace with the use of information by decision-making bodies.Especially in the...
Persistent link: https://www.econbiz.de/10011257013
Most empirical studies assume only monotonic preferences for households. Behavioral research however providessubstantial evidence that preferences for wealth are measured relative to a reference point. In this paper weintroduce and solve a two-period consumption and savings model for a...
Persistent link: https://www.econbiz.de/10011255497