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Some evidence on the importance of sticky wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
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
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The welfare impact of price changes on household welfare and inequality 1999-2010
Loughrey, Jason; O'Donoghue, Cathal - 2011
of households in response to price changes in most years. -- price ; inflation ; equivalent income ; welfare ; linear …
Persistent link: https://www.econbiz.de/10009306839
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What measure of inflation should a developing country central bank target?
Anand, Rahul; Prasad, Eswar S.; Zhang, Boyang - 2015
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
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Gender disparities in inflation during the cost-of-living crisis in Europe : a novel decomposition
Sologon, Denisa M.; Doorley, Karina; O'Donoghue, Cathal - 2024
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
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Star Wars : the empirics strike back
Brodeur, Abel; Lé, Mathias; Sangnier, Marc; … - 2013
" specification. We propose a method to measure inflation and decompose it along articles' and authors' characteristics. -- hypothesis …
Persistent link: https://www.econbiz.de/10009721391
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The impact of the recent migration from Eastern Europe on the UK economy
Blanchflower, David G. (contributor);  … - 2007
UK population growth over the last thirty-five years has been remarkably low in comparison with other countries; the population grew by just 7% between 1971 and 2004, less than all the other EU15 countries except Germany. The UK population has grown at a faster pace since the turn of the...
Persistent link: https://www.econbiz.de/10003531899
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The impact of local public services and geographical cost of living differences on poverty estimates
Aaberge, Rolf; Langørgen, Audun; Mogstad, Magne; … - 2008
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
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Real wage inequality
Moretti, Enrico (contributor) - 2008
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
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Lumpy price adjustments : a microeconometric analysis
Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2007
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
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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
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