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The energy price shock in 2022 led to government support for firms in some countries, sparking debate about the rationale and the nature of such support. The results from nationally representative firm surveys in the United States and Germany indicate that firms in these countries were generally...
Persistent link: https://www.econbiz.de/10015058843
significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms …
Persistent link: https://www.econbiz.de/10012677676
This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …
Persistent link: https://www.econbiz.de/10012677694
The pass-through effects of oil price shocks on wage and consumer price inflation vary with the states or structural … advanced economies. The pass-through to wages is found to have been higher when the prevailing level of inflation was higher or … policy. The effects of oil price shocks on core inflation and inflation expectations are consistent with their effects on …
Persistent link: https://www.econbiz.de/10015060129
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
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10009679009
We employ a set of sign restrictions on the generalized impulse responses of a Global VARmodel, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to study the time profile oftheir macroeconomic effects...
Persistent link: https://www.econbiz.de/10012690166
Intro -- Content -- I. INTRODUCTION -- II. OIL PRICE VOLATILITY -- III. THE DEMAND AND SUPPLY OF CRUDE OIL -- IV. ROLE OF MONETARY POLICY IN THE OIL MARKETS -- V. SOLUTION OF THE SEM -- VI. CONCLUSIONS -- APPENDIX -- REFERENCES.
Persistent link: https://www.econbiz.de/10012690972