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data. While core inflation is measured with the VSC, the HSC requires a new concept of demand-driven inflation : Residual … (demand) inflation, which gives the impact of short and medium run demand shocks on inflation. Core and residual inflation are …
Persistent link: https://www.econbiz.de/10009363925
of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however …
Persistent link: https://www.econbiz.de/10009365497
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914
of June and July. Moreover, costs of raw materials, cost of energy and inflation are the main determinants of price … of the firms index their workers wages with inflation and past inflation rate is usually used for the purpose. Labour … productivity and changes in inflation rate are found to be the main causes of wage change. …
Persistent link: https://www.econbiz.de/10009364002
macroeconomic performance can be improved, in terms of stability in inflation and output, when a simple Taylor rule is adopted. In … this regard the parameter values (especially the inflation target) in the rule must be set according to the conditions of …
Persistent link: https://www.econbiz.de/10009365462
best and most well-known indicator of inflation, which is further used for evaluating the monetary and fiscal policy of a … national income accounts, purchasing power parity index, inflation incidence for different income groups of population, impact … of inflation on demographic composition of the population. Any measurement error in CPI may overstate or understate …
Persistent link: https://www.econbiz.de/10009365484
) inflation (or deflation) and net investment, the lack of openness to foreign direct investment, and an aged population explain …
Persistent link: https://www.econbiz.de/10011278133
activity and price inflation, leading us to use it in forecasting Singapores business cycles. We find that the forecasts …
Persistent link: https://www.econbiz.de/10009363910
. To proceed with this, linear and nonlinear cointegration and Granger causality tests are applied in a bi-variate as well …
Persistent link: https://www.econbiz.de/10009363920
In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The...
Persistent link: https://www.econbiz.de/10009363923