Showing 1 - 10 of 1,143
economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …
Persistent link: https://www.econbiz.de/10011541166
How does competition affect information acquisition of firms and thus the response of inflation and output to monetary … uncertainty about inflation as a non-targeted moment. …
Persistent link: https://www.econbiz.de/10012200269
This paper applies a recently developed method (Inoue and Rossi, 2021) to estimate functional inflation expectations … on both inflation and output. In addition, threshold functional local projections indicate that the effects are nonlinear … and depend on central bank credibility. Further, inflation expectations shocks have similar effects to supply (demand …
Persistent link: https://www.econbiz.de/10014364953
The paper contributes to the growing global VAR (GVAR) literature by showing how global and national shocks can be identified within a GVAR framework. The usefulness of the proposed approach is illustrated in an application to the analysis of the interactions between public debt and real output...
Persistent link: https://www.econbiz.de/10011956353
strong and rising negative correlation between oil prices and the US dollar since the early 2000s, with risk shocks and the … financialisation process of oil prices explaining most of the strengthening of this correlation. …
Persistent link: https://www.econbiz.de/10009748353
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
Persistent link: https://www.econbiz.de/10013473920
We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the …
Persistent link: https://www.econbiz.de/10011408405
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
Persistent link: https://www.econbiz.de/10003301122
Persistent link: https://www.econbiz.de/10003499532