Showing 1 - 10 of 221
We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries …. Changes in world food and energy prices, together with related changes in administered prices, similarly contribute to these …
Persistent link: https://www.econbiz.de/10012124587
, changes in shopping behaviours played only a minor role in driving higher inflation during lockdown; higher prices were the … promotions on inflation measurement. Although changes in product-level expenditure shares were unusually high during lockdown, we … inflation, and lower use of promotions by low-income consumers explains why they experienced moderately lower inflation. Overall …
Persistent link: https://www.econbiz.de/10012293184
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995
This paper explores the effect of inflation supply and demand shocks on government debt. It identifies the shocks using … costs and more prolonged depreciation, whereas demand shocks erode debt through persistent reductions in primary balance …
Persistent link: https://www.econbiz.de/10014536631
This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …
Persistent link: https://www.econbiz.de/10012121979
MAKPAM model and exogenous determinants, such as output gap, world commodity prices, and foreign effective inflation. The … inflation forecast, with relatively good fit of equations for food and domestic oil prices. This model serves as satellite model …The purpose of the paper is to introduce the framework for decomposing the forecast of headline inflation, obtained by …
Persistent link: https://www.econbiz.de/10011926820
inflation, especially in the short term. However, in order to strengthen the economy's resilience to oil-price shocks, the paper …-output Analysis ; Inflation ; Industrial Structure ; China ; the United States …
Persistent link: https://www.econbiz.de/10008934659
This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European … countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high … inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and …
Persistent link: https://www.econbiz.de/10009768497
of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …
Persistent link: https://www.econbiz.de/10010404663
attain local stationarity and bounded mean values. The model is applied to the analysis of inflation dynamics. Allowing for …
Persistent link: https://www.econbiz.de/10010382183