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consumer price inflation rate. -- Wage stickiness ; micro-level evidence ; measurement error … correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will …
Persistent link: https://www.econbiz.de/10003985883
of households in response to price changes in most years. -- price ; inflation ; equivalent income ; welfare ; linear …
Persistent link: https://www.econbiz.de/10009306839
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …
Persistent link: https://www.econbiz.de/10011307888
progessivity (affecting higher income households more) of inflation experienced by households between April 2021 and July 2023 …. Despite a growing literature on the distributional impact of inflation, there is limited evidence on gender differentials. We … gender dimension to assess gender differences in inflation regressivity or progressivity, isolate the average inflation rate …
Persistent link: https://www.econbiz.de/10014495897
" specification. We propose a method to measure inflation and decompose it along articles' and authors' characteristics. -- hypothesis …
Persistent link: https://www.econbiz.de/10009721391
Despite a broad consensus on the need to take into account the value of public services and geographical cost of living differences when measuring poverty, there is little reliable evidence on how these factors actually affect poverty estimates. Unlike the standard approach in studies of the...
Persistent link: https://www.econbiz.de/10003755513
A large literature has documented a significant increase in the return to college over the past 30 years. This increase is typically measured using nominal wages. I show that from 1980 to 2000, college graduates have increasingly concentrated in metropolitan areas that are characterized by a...
Persistent link: https://www.econbiz.de/10003758957
This paper presents a simple model of state-dependent pricing that allows identification of the relative importance of the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the price's driving variables (extrinsic). Using two data sets...
Persistent link: https://www.econbiz.de/10003595347
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
We exploit the regional variation in the unexpected (or forced) inflow of Syrian refugees as a natural experiment to estimate the impact of immigration on consumer prices in Turkey. Using a difference-in- differences strategy and a comprehensive data set on the regional prices of CPI items, we...
Persistent link: https://www.econbiz.de/10011449784