Narrow search
Showing 1 - 10 of 232
Cover Image
Inflation expectations and nonlinearities in the Phillips Curve
Doser, Alexander; Nunes, Ricardo; Rao, Nikhil; … - 2017
This paper shows that a simple form of nonlinearity in the Phillips curve can explain why, following the Great Recession, inflation did not decrease as much as predicted by linear Phillips curves, a phenomenon known as the missing disinflation. We estimate a piecewise-linear specification and...
Persistent link: https://www.econbiz.de/10012059585
Cover Image
Evolución y características del traspaso del tipo de cambio a precios en México
Angeles Galvan, Daniel; Cortés Espada, Josué Fernando; … - 2019
This paper analyzes the exchange rate pass through to consumer prices in Mexico using different methodologies. First, we estimate Vector Autoregressive Models (VAR). Subsequently, we estimate Autoregressive Distributed Lags Models (ARDL) in order to make a long run analysis. In particular, we...
Persistent link: https://www.econbiz.de/10012616382
Cover Image
The role of industrial composition in driving the frequency of price change
Cotton, Christopher D.; Garga, Vaishali - 2022
We analyze the impact of shifts in the industrial composition of the economy on the distribution of the frequency of price change and its consequences for the slope of the Phillips curve for the United States. By combining product-level microdata on the frequency of price change with data on...
Persistent link: https://www.econbiz.de/10014304780
Cover Image
Una estimación del traspaso de las variaciones en el tipo de cambio a los precios en México
Cortés Espada, Josué Fernando - 2013
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the CPI. The...
Persistent link: https://www.econbiz.de/10010322595
Cover Image
El traspaso de movimientos del tipo de cambio a los precios: Un análisis para la economía Mexicana
Capistrán, Carlos; Ibarra-Ramírez, Raúl; … - 2011
This paper analyzes the pass-through of exchange rate to different price indexes in Mexico. The analysis is based on a vector autoregressive model (VAR) using monthly data from January 1997 to December 2010. The pass-through effects are calculated by means of accumulated impulse response...
Persistent link: https://www.econbiz.de/10010322617
Cover Image
Price-setting and exchange rate pass-through in the Mexican economy: Evidence from CPI micro data
Kochen, Federico; Sámano, Daniel - 2016
As a consequence of the international environment, the currencies of many emerging market economies have experienced important depreciations in a context of high volatility in financial markets. The Mexican peso has not been the exception to the above situation. In this setting, the exchange...
Persistent link: https://www.econbiz.de/10011788937
Cover Image
Nonlinear exchange rate pass-through in Mexico
Jaramillo Rodríguez, Jorge; Pech Moreno, Luis Alberto; … - 2019
This paper aims to investigate if the exchange rate pass-through (ERPT) to consumer prices follows a nonlinear behavior in Mexico. To look for nonlinearities, we employ a Threshold VAR approach (TVAR). The threshold allows us to differentiate regimes of "high" or "low" depreciation and the...
Persistent link: https://www.econbiz.de/10012616388
Cover Image
The NAIRU and informality in the Mexican labor market
Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, … - 2020
The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal … formal job. In this paper, we present an estimation of the traditional NAIRU for Mexico and an alternative measure that … includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor …
Persistent link: https://www.econbiz.de/10012616402
Cover Image
Inflation thresholds and inattention
Bracha, Anat; Tang, Jenny - 2019
Inflation expectations are key to economic activity, and in the current economic climate of a heated labor market, they are central to the policy debate. At the same time, a growing literature on inattention suggests that individuals, and therefore individual behavior, may not be sensitive to...
Persistent link: https://www.econbiz.de/10012388950
Cover Image
Inflation dynamics when inflation is near zero
Fuhrer, Jeffrey C.; Olivei, Giovanni P.; Tootell, … - 2011
This paper discusses the likely evolution of U.S. inflation in the near and medium term on the basis of (1) past U.S. experience with very low levels of inflation, (2) the most recent Japanese experience with deflation, and (3) recent U.S. micro evidence on downward nominal wage rigidity. Our...
Persistent link: https://www.econbiz.de/10010280881