Showing 1 - 10 of 2,296
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...
Persistent link: https://www.econbiz.de/10011110135
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10005014711
confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …
Persistent link: https://www.econbiz.de/10005837208
This paper presented the salient features of current Monetary Policy and its effectiveness to control inflation in … Pakistan. The monetary authority was successful in controlling inflation when it successfully controlled the money supply … concluded that in the recent years SBP failed to control money supply and hence rate of inflation within the set target level …
Persistent link: https://www.econbiz.de/10005617134
A standard two-sector sticky price model with flexibly priced durables depicts negative co-movement between durables and non-durables after a monetary policy shock, which is at odds with the empirical evidence. This paper proposes a new channel, non-separable preferences with a small wealth...
Persistent link: https://www.econbiz.de/10011108630
and RFF. A theoretically expected inverse relation between SP and inflation accounts for the results. The negative effect … of SP on FF is also confirmed in a Taylor Rule estimate. Higher stock prices anticipate lower, not higher, inflation. …
Persistent link: https://www.econbiz.de/10008476386
There is no Phillips curve in the United States, i.e. unemployment does not drive inflation at any time horizon. There … is a statistically robust anti-Phillips curve - inflation leads unemployment by 10 quarters. Apparently, the anti … not reject the hypothesis that there exist a long-term equilibrium relation between inflation and unemployment in the US …
Persistent link: https://www.econbiz.de/10005621243
The main objective of this study is to investigate the long run trade-off between unemployment and inflation in Egypt … analysis confirm a positive relationship between changes in inflation rate and unemployment gap in the long run, which is … consistent with “Locus Critique” where a policy of inflation would fail to reduce the unemployment rate in the long run, because …
Persistent link: https://www.econbiz.de/10011108182
dataset of political elites’ inflation statements and measure each statements’ information precision. I then test whether or … information precision, through its attenuating effects on inflation expectations, lowers inflation. Furthermore, I find that this …
Persistent link: https://www.econbiz.de/10011110786
This paper compares the capability of interest rate rules, namely, inflation targeting (IT), price-level targeting (PT …-based, New-Keynesian model. Allowing for some inflation inertia, we develop a small-open-economy version of the Calvo sticky …, compared to those regimes that target only price levels or inflation rates. …
Persistent link: https://www.econbiz.de/10008619158