Showing 1 - 10 of 303
, investment, hours, interest rates and inflation using a panel VAR estimated from data for 20 OECD economies, mainly for the …
Persistent link: https://www.econbiz.de/10013099235
the great moderation, but asset price cycles were becoming more volatile. In part this was linked to developments in the …
Persistent link: https://www.econbiz.de/10013105148
This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However,...
Persistent link: https://www.econbiz.de/10013108041
international shock that drives national inflation uncertainty and which is closely related to oil and commodity price uncertainty …We investigate the international linkages of inflation uncertainty in the G7. In a first step, we document that … inflation uncertainty in the G7 is intertwined. Moreover, the degree of synchronization has increased during the recent two …
Persistent link: https://www.econbiz.de/10013082970
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10013091833
is stronger for countries with higher average inflation or debt …
Persistent link: https://www.econbiz.de/10013075134
techniques are applied to monthly inflation series of 21 OECD countries and it is found that average forecasting methods in …
Persistent link: https://www.econbiz.de/10012756639
legislation, high union density, centralised wage setting and high inflation …
Persistent link: https://www.econbiz.de/10013316399
This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a … production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price …, varying uncertainty about the macroeconomy can explain time variation in the oil price elasticity and hence in oil price …
Persistent link: https://www.econbiz.de/10013065379
type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … the price level. Furthermore, there is evidence for a strong search-for-yield effect on the side of investors in the …
Persistent link: https://www.econbiz.de/10013055428