Showing 1 - 10 of 211
The purpose of this paper is to examine the composition of inflation over time. The authors calculate the contributions … to inflation for individual series of the consumer price index (CPI) and personal consumption expenditures price index … of information concerning aggregate inflation behavior in a concise way, enabling the authors to describe the composition …
Persistent link: https://www.econbiz.de/10010397664
This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …
Persistent link: https://www.econbiz.de/10010500195
, albeit temporary, wage cut policy that affected all public sector employees in Romania in 2010. Our main findings suggest an …
Persistent link: https://www.econbiz.de/10010321390
This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quanties the amount of commonality in liquidity across dierent exchange rates, and determines theextent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizesultra high frequency...
Persistent link: https://www.econbiz.de/10005868531
inflation through the identification of turning points and structural shocks. After establishing the sought-after properties (of … smoothness, stability, and forecasting) for core inflation, we turn to the discussion of real-time diagnosis for a low inflation … environment. This is done in the context of weekly estimates of Swiss inflation. The intra-monthly estimates for core inflation …
Persistent link: https://www.econbiz.de/10011430053
Persistent link: https://www.econbiz.de/10012585211
The main topic of the research work is, whether the exchange rate targeting is an efficient strategy for maintaining price stability without decelerating the economic growth below the potential one in a situation when national currency area is not an optimum currency area with the anchor...
Persistent link: https://www.econbiz.de/10011785327
term, inflation is primarily a monetary phenomenon and entails significant economic costs, the best contribution that … stability. Finally, our discussion of the potential uncertainties surrounding the impact of monetary policy in a low inflation …
Persistent link: https://www.econbiz.de/10013369955
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial constraints. Through a detailed analysis of the institutions and practices surrounding the fiscal and...
Persistent link: https://www.econbiz.de/10010513055
drawing on new indices of consumer prices the present paper offers an examination of inflation dynamics, defined as price … stability and inflation persistence, in the periphery of Scandinavia during the heyday of the international gold standard. …
Persistent link: https://www.econbiz.de/10012143725