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Agricultural productivity shocks and poverty in India : the short- and long-term effects of monsoon rainfall
Brey, Björn; Hertweck, Matthias S. - 2019
This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...
Persistent link: https://www.econbiz.de/10012014073
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The impact of price frames on consumer decision making : experimental evidence
Baake, Pio; Huck, Steffen - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first result is that export...
Persistent link: https://www.econbiz.de/10010230311
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Labor productivity, effort and the euro area business cycle
Lewis, Vivien; Villa, Stefania; Wolters, Maik H. - 2019
, we demonstrate that effort dampens the response of inflation to exogenous shocks. …
Persistent link: https://www.econbiz.de/10012134398
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Vehicle currency pricing and exchange rate pass-through
Chen, Natalie; Chung, Wanyu; Novy, Dennis - 2019
Persistent link: https://www.econbiz.de/10012016788
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Extreme inflation and time-varying consumption growth
Dergunov, Ilya; Meinerding, Christoph; Schlag, Christian - 2019
In a parsimonious regime switching model, expected consumption growth varies over time. Adding in ation as a conditioning variable, we uncover two states in which expected consumption growth is low, one with high and one with negative expected in ation. Embedded in a general equilibrium asset...
Persistent link: https://www.econbiz.de/10012000570
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A trendy approach to UK inflation dynamics
Forbes, Kristin; Kirkham, Lewis; Theordoridis, Konstantinos - 2017
This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …
Persistent link: https://www.econbiz.de/10011664348
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Exchange rates and consumer prices : evidence from Brexit
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019
Persistent link: https://www.econbiz.de/10012180917
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Alternative methods for interpolating PPPs
Diewert, Walter E. - 2018
Persistent link: https://www.econbiz.de/10011917782
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Money growth and consumer price inflation in the euro area : a wavelet analysis
Mandler, Martin; Scharnagl, Michael - 2014
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …
Persistent link: https://www.econbiz.de/10010433361
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The shocks matter : improving our estimates of exchange rate pass-through
Forbes, Kristin; Hjortsoe, Ida; Nenova, Tsvetelina - 2015
A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose …
Persistent link: https://www.econbiz.de/10011384119