Showing 1 - 10 of 1,251
higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience … scores seem to have contained the impact of these shocks better. The effect of the presence of inflation targeting regimes … inflation responds to international commodity price shocks …
Persistent link: https://www.econbiz.de/10013098581
This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a … advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies …
Persistent link: https://www.econbiz.de/10013019007
-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …
Persistent link: https://www.econbiz.de/10013002151
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …-sectionally augmented distributed lag (CSDL)approach of Chudik et al. (2013) as well as the standard panel ARDL method for estimation — to …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …
Persistent link: https://www.econbiz.de/10013028686
This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve … based on the assumptions that inflation expectations are fully anchored at the Federal Reserve's target, and that labor …-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including …
Persistent link: https://www.econbiz.de/10013025502
We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. Thisallows us to capture the … different drivers of individual inflation components. We find that thePhillips curve is relatively flat in Colombia but steeper … indexationdynamics are important for non-tradable goods. We show that besides allowing for a moredetailed understanding of inflation …
Persistent link: https://www.econbiz.de/10012913928
Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation … pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from …-structural model to decompose the contributions of various shocks to inflation. Our main findings are (1) supply factors (mainly global …
Persistent link: https://www.econbiz.de/10012864114
Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …
Persistent link: https://www.econbiz.de/10014082956
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using the local projection method, we find that,...
Persistent link: https://www.econbiz.de/10012892913
inflation levels exhibited during 2003-08, with focused attention to increasing efficiency and compliance in tax revenue …
Persistent link: https://www.econbiz.de/10013024439