Showing 1 - 10 of 303
, hyperinflation in Germany after World War I, inflation in Argentina since the 1980s, currency reform in Germany after WW II, and … precedents and proposals have included austerity, haircuts and the generation of inflation. Each way has advantages and …
Persistent link: https://www.econbiz.de/10012514525
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …
Persistent link: https://www.econbiz.de/10013284915
This paper explores communication strategies for anchoring households’ medium-term inflation expectations in a high … inflation environment. We conducted a survey experiment with a representative sample of 4,000 German households at the height of … the recent inflation surge in early 2023, with information treatments including a qualitative statement by the ECB …
Persistent link: https://www.econbiz.de/10014507809
current operating procedures and make monetary policies more effective in fighting inflation. …
Persistent link: https://www.econbiz.de/10014422581
This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank …, we first test the effect of non-numerical information about inflation and monetary policy, the literacy treatment. In the … the literacy treatment, incorporate quantitative information differently into their inflation forecasts. We find that the …
Persistent link: https://www.econbiz.de/10014309588
case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …
Persistent link: https://www.econbiz.de/10011402695
repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …
Persistent link: https://www.econbiz.de/10010249643
institutional framework play a role in banks' decisions. To do so, we use a unique survey of banks in Argentina and Chile, two …
Persistent link: https://www.econbiz.de/10003850504
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
This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …
Persistent link: https://www.econbiz.de/10011416380