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market using data from Finland. While the previous related literature studies the reactions of sales volume and prices to an …-error correction model, the response of prices to demand shocks is found to be substantially slower than that of sales. The effect of a …
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Industrial prices of goods and services are a function of costs of production and of the mark-up that firms apply on … those costs. If these prices relate to goods that are traded internationally, they will also be influenced by the price at …-output table at basic prices prepared by Cambridge Econometrics and employment and wage data from the New Earnings Survey. The …
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explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short … commodity prices and the exchange rate. These results highlight the sensitivity of UK inflation dynamics to events in the rest …
Persistent link: https://www.econbiz.de/10011664348
We show that exchange rate pass-through to consumer prices varies not only across countries, but also over time …
Persistent link: https://www.econbiz.de/10011671018
The dynamic effects of ECB announcements, disentangled into pure monetary policy and central bank information shocks, on the euro (EUR) exchange rate are examined using a Bayesian Proxy Vector Autoregressive (VAR) model fed with high-frequency data. Contractionary monetary policy shocks result...
Persistent link: https://www.econbiz.de/10012180641
produce conventional effects on the German domestic economy: activity, prices, and credit decline significantly following a …
Persistent link: https://www.econbiz.de/10013361910
We estimate the effects of a negative asymmetric demand shock on the real exchange rate for the euro area vis-à-vis the United States, Canada, and Japan by state-dependent sign-restricted local projection methods. We find a real depreciation when interest rates are not at the ZLB, but also when...
Persistent link: https://www.econbiz.de/10014320485