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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
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
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
linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …
Persistent link: https://www.econbiz.de/10008806609
Persistent link: https://www.econbiz.de/10003498824
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
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
economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …
Persistent link: https://www.econbiz.de/10011541166