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The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...
Persistent link: https://www.econbiz.de/10012690163
activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across …
Persistent link: https://www.econbiz.de/10015060380
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686
After trailing Euro Area inflation closely in the recent past, inflation in the Western Balkans has accelerated faster … VAR, adapting them to the data availability and country specificities of the Western Balkans, to analyze the inflation … dynamics in the region. It finds that international food prices affect not only headline but also core inflation as well as …
Persistent link: https://www.econbiz.de/10015059645
Intro -- Contents -- I. INTRODUCTION -- II. CONCEPTS AND PRACTICAL ISSUES -- III. SOURCES OF ERROR AND BIAS IN A CPI -- IV. THE METHODS -- V. HOW TO CHOOSE AMONG METHODS: JUDGING WHICH IS BEST -- VI. CONCLUDING REMARKS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691149
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 …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …
Persistent link: https://www.econbiz.de/10015059656
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …
Persistent link: https://www.econbiz.de/10009618580
Persistent link: https://www.econbiz.de/10012691103
This paper analyzes the distributional impacts of inflation in Thailand. For that aim, the paper uses rich micro …-survey data on 46,000 Thai households to study the effect of the recent elevated inflation on poverty, its distributional effects … multidimensional impact of inflation, the paper also studies how inflation differentially affects households through the consumption …
Persistent link: https://www.econbiz.de/10015058708
Persistent link: https://www.econbiz.de/10012690971