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States in taking inflation into account when calculating Old Age and Survivor Insurance (OASI) Benefits. Because of the … receives an annual benefit more than $1,800 larger than would have been generated with full indexing. While the inflation …-run financial instability for the OASI trust fund in periods of substantial inflation or deflation. They make the percentage …
Persistent link: https://www.econbiz.de/10010298623
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …
Persistent link: https://www.econbiz.de/10010310642
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
'real part' due to the changes in quantities and an inflation due to the changes in prices. Examples are: real national … set of integrated accounts to measure changes in relative prices as well as the sectoral sources of inflation. …
Persistent link: https://www.econbiz.de/10010295317
This paper studies the effect of exchange rate pass-through on inflation in Tunisia for the period 2001 to 2009. The … objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov …-switching approach, the authors identified two main regimes for inflation in Tunisia during this period: a low and stable inflation …
Persistent link: https://www.econbiz.de/10010330077
that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet … been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation … targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative …
Persistent link: https://www.econbiz.de/10010332961
The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the real-rate gap; the time series of the remaining two show material deviation from expected IS-curve behavior. The...
Persistent link: https://www.econbiz.de/10011917551
the aim of analysing counterfactually the globalisation effect on inflation. The main findings are (i) the effect is … globalisation impact as far as inflation persistence is concerned while the impact on inflation variability can be positive as well … as negative. Overall, globalisation is found to have contributed positively to lowering rather than stabilising inflation …
Persistent link: https://www.econbiz.de/10010314580
where the factors act as error-correction leading indicators for exchange rate and inflation. Significant modelling results …
Persistent link: https://www.econbiz.de/10010295305
We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of...
Persistent link: https://www.econbiz.de/10010295308