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What Measure of Inflation Should a Developing Country Central Bank Target?
Anand, Rahul - 2015
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained...
Persistent link: https://www.econbiz.de/10013011206
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The Myth of Post-Reform Income Stagnation in Brazil
de Carvalho Filho, Irineu - 2007
This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income …
Persistent link: https://www.econbiz.de/10012777955
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Estimating VAT Pass Through
Benedek, Dora - 2015
This paper estimates the pass through of VAT changes to consumer prices, using a uniquedataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozonecountries over 1999-2013. Pass through is much less than full on average, and differsmarkedly across types of VAT change....
Persistent link: https://www.econbiz.de/10013011191
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World Commodity Prices as a Forecasting Tool for Retail Prices : Evidence from the United Kingdom
García-Herrero, Alicia; Thornton, John - 2021
This paper investigates, using cointegration and Granger-causality techniques, whether a stable long-run co-movement exists between world commodity prices and U.K. retail prices and whether short-run changes in commodity prices convey information about future movements in U.K. retail prices. The...
Persistent link: https://www.econbiz.de/10013217123
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COVID-19 and the CPI : Is Inflation Underestimated?
Reinsdorf, Marshall - 2021
COVID-19 changed consumers' spending patterns, making the CPI weights suddenly obsolete. In most regions, adjusting the CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of the pandemic. Under-weighting of rising food prices and...
Persistent link: https://www.econbiz.de/10013252057
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Weighted Median Inflation Around the World : A Measure of Core Inflation
Ball, Laurence; Carvalho, Carlos; Evans, Christopher; … - 2023
The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggretion of the CPI over 1990-2021, and...
Persistent link: https://www.econbiz.de/10014256872
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Does Inflation Slow Long-Run Growth in India?
Mohaddes, Kamiar - 2015
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989-2013, and use the cross-sectionally augmented distributed lag (CSDL)approach of Chudik et...
Persistent link: https://www.econbiz.de/10013028686
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Sub-Saharan Employment Developments : The Important Role of Household Enterprises with an Application to Rwanda
Thomas, Alun H. - 2015
into industry, in SSA, most of the workers have ended up in the service sector, especially household enterprises. Rwanda …, families in household enterprises now consume as much as non-agricultural wage earners …
Persistent link: https://www.econbiz.de/10013015599
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Household Financial Access and Risk Sharing in Nigeria
Carlson, Stacy - 2015
We examine the role of household financial access in determining the extent of risk sharing in Nigeria using household … than those without access. This result is mainly driven by households with informal financial access, and by household …
Persistent link: https://www.econbiz.de/10013015612
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Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania
Bellon, Matthieu - 2020
Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … vulnerability to shocks across household types (e.g. by education, ethnic group, and economic activity) and we quantify the impact … mechanisms, including financial access and transfers. Country characteristics crucially determine which household-level shocks …
Persistent link: https://www.econbiz.de/10012836527