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inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10013543029
We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …
Persistent link: https://www.econbiz.de/10011507921
considerably stronger relative to the impact on GDP since the mid-1980s, while the effects on inflation have become weaker …
Persistent link: https://www.econbiz.de/10011754207
inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather … quickly. However, the short-run effects on headline inflation would be sizable. For example, on a year-over-year basis …
Persistent link: https://www.econbiz.de/10012696925
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …. -- presidential popularity ; approval ; unemployment ; inflation …
Persistent link: https://www.econbiz.de/10009511756
import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the … through ; China ; inflation ; markups …
Persistent link: https://www.econbiz.de/10009511759
type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …
Persistent link: https://www.econbiz.de/10010257361
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10003300954
Persistent link: https://www.econbiz.de/10003498824
excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. -- Inflation ; exchange rates …
Persistent link: https://www.econbiz.de/10003749649