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trend in the aggregate markup; and (4) other explanations such as market structure shifts, trend inflation movements and the …
Persistent link: https://www.econbiz.de/10010608284
Increases in the real price of oil not explained by changes in global oil production or by global real demand for commodities are associated with significant increases in economic policy uncertainty and its four components (the volume of newspaper coverage of policy uncertainty, CPI forecast...
Persistent link: https://www.econbiz.de/10010719365
This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...
Persistent link: https://www.econbiz.de/10010719410
This paper assesses the impact of oil price changes on Spanish and euro area consumer price inflation. We find that the … of inflation variability. The impact on Spanish inflation is found to be somewhat higher than in the euro area. In both …
Persistent link: https://www.econbiz.de/10011048725
Global oil price shock waves and continuous trade imbalance have raised serious alarms among the policy makers around the world, because of its aggressive impacts for the net oil‐importing economies. The objective of this study is to investigate the impact of rising oil prices on the trade...
Persistent link: https://www.econbiz.de/10011048775