Narrow search
Showing 1 - 10 of 890
Cover Image
Household production, services and monetary policy
Ngouana, Constant Lonkeng - 2012
A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage - the opportunity cost of working at home - and changes in the price of market...
Persistent link: https://www.econbiz.de/10009621655
Cover Image
The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
Contents -- I. Introduction -- II. A Brief Guide Monetary Analysis in the ECB's Strategy and Its Evolution Since 1998 -- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary Analysis -- VI. How Time Path Dependent Should the...
Persistent link: https://www.econbiz.de/10012682180
Cover Image
The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of structural and empirical models in a consistent framework using...
Persistent link: https://www.econbiz.de/10012677626
Cover Image
Understanding Post-COVID Inflation Dynamics
Harding, Martin - 2023
We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are … subdued and steepens when inflationary pressures are elevated. The nonlinear Phillips curve in our model arises due to a quasi …
Persistent link: https://www.econbiz.de/10015059777
Cover Image
Utilization-Adjusted Output Gap : Is the Russian Economy Overheating?
Oomes, Nienke - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE NONACCELERATING INFLATION RATE OF FACTOR UTILIZATION -- III. FACTOR UTILIZATION IN RUSSIA -- A. Capacity Utilization -- B. Labor Utilization -- C. Estimating the Natural Rate -- IV. OUTPUT GAP ESTIMATES -- A. Trend Fitting and Statistical Filtering...
Persistent link: https://www.econbiz.de/10012691060
Cover Image
Investigating Inflation Dynamics in Sudan
Moriyama, Kenji - 2008
This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate...
Persistent link: https://www.econbiz.de/10012677638
Cover Image
The Inflation-Unemployment Trade-off at Low Inflation
Ricci, Luca Antonio - 2009
nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve … flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization …
Persistent link: https://www.econbiz.de/10012677671
Cover Image
Wage-Price Setting in New EU Member States
Goretti, Manuela - 2008
This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms of trade shocks do not feed through to real...
Persistent link: https://www.econbiz.de/10012677676
Cover Image
Inflation Dynamics in the Gulf Cooperation Council (GCC): What is the Role of External Factors?
Fareed, Fozan - 2023
Inflationary pressures have intensified in the Gulf Cooperation Council (GCC) in 2021-2022, mainly driven by a pick-up in tradeable goods inflation. Despite this increase, inflation remained relatively contained as compared to regional comparators. This paper aims to provide a comprehensive...
Persistent link: https://www.econbiz.de/10015058847
Cover Image
Has the Phillips Curve Become Steeper?
Ari, Anil - 2023
This paper analyzes whether structural changes in the aftermath of the pandemic have steepened the Phillips curves in … to be associated with steeper Phillips curves. Post-pandemic Phillips curve estimates indicate some steepening in the UK … 2021-22, suggesting an important role for outward shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10015059446