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, Malaysia). Among countries with inflation below target, in those with trend inflation low but constant (Australia, New Zealand …Trend inflation estimates for 12 of the largest Asian economies over 1995-2018 offer important insights on inflation … dynamics and inflation expectations. The disinflationary shocks that hit the region since 2014 were partly transitory, but …
Persistent link: https://www.econbiz.de/10012858259
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...
Persistent link: https://www.econbiz.de/10013145150
This paper investigates the relationship between bank funding costs and solvency for a large sample of euro area banks using two proprietary ECB datasets for both wholesale funding costs and deposit rates. In particular, the paper studies the relationship between bank solvency, on the one hand,...
Persistent link: https://www.econbiz.de/10012844540
- both per hour and per worker - in the United States, the Eurozone, the United Kingdom, Australia, and Japan over the post …
Persistent link: https://www.econbiz.de/10012777974
were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the …
Persistent link: https://www.econbiz.de/10013054093
that the root cause is its inability to predict domestic and foreign inflation. This shortcoming leads us toward simpler …
Persistent link: https://www.econbiz.de/10012988876
, and in the Eurozone, Canada, and Australia over the post-WWII period. Overall, our evidence does not provide much support …
Persistent link: https://www.econbiz.de/10013316893
We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential … output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time …-variation in (i) the data-generation process for inflation, which we capture via a time-varying parameters specification for the …
Persistent link: https://www.econbiz.de/10013316896
This paper studies the provision of public inputs in a federal system. A vertical tax externality is also considered in a simple general equilibrium model used to analyze the efficiency of equilibria under different scenarios. The results show that the state provision of public inputs may affect...
Persistent link: https://www.econbiz.de/10011604530
and inflation are less evident. Finally, the role of structural fiscal measures in reducing housing market volatility is …
Persistent link: https://www.econbiz.de/10011604572