Showing 1 - 10 of 778
Persistent link: https://www.econbiz.de/10009621650
copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate …. The appreciation of the Chilean peso during the first part of the copper cycle contributes to lower inflation, which could …
Persistent link: https://www.econbiz.de/10014401129
We study the cyclical properties of sales, regular price changes and average prices paid by consumers (""effective …. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …
Persistent link: https://www.econbiz.de/10014395698
Persistent link: https://www.econbiz.de/10009572544
Empirical evidence shows that fiscal multipliers depend on the state of the cycle, the nature of fiscal policy and the level of debt. In other words, evidence points to non-linearities in the effects of fiscal policy. This paper provides a framework to examine the role of the level of government...
Persistent link: https://www.econbiz.de/10012392585
This paper constructs a general equilibrium model with monopolistically competitive firms and endogenous markups where government spending consists of both consumption and investment goods. It is shown that when markups are countercyclical, increases in the share of investment goods in aggregate...
Persistent link: https://www.econbiz.de/10014400420
implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts …), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period … and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42 …
Persistent link: https://www.econbiz.de/10014400787
Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...
Persistent link: https://www.econbiz.de/10014396946
Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to … approach constructs effective input price indices from sector-level price data combined with sector-level information on input …
Persistent link: https://www.econbiz.de/10011436732
. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework … controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price …In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation …
Persistent link: https://www.econbiz.de/10014396197