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In this paper, we propose a new methodology for decomposing consumer price inflation into contributions of cost …) derived from an input-output table with quarterly national accounts data. This allows to decompose HICP inflation into … detailed cost components including imports. We apply the approach to Austria and analyze the composition of inflation for the …
Persistent link: https://www.econbiz.de/10014495685
income, which depends on the joint distribution (across firms) of market power, the labor share, and firms size. Markups …
Persistent link: https://www.econbiz.de/10014546271
Persistent link: https://www.econbiz.de/10014384592
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 …, changes in shopping behaviours played only a minor role in driving higher inflation during lockdown; higher prices were the …
Persistent link: https://www.econbiz.de/10012293184
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 … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …
Persistent link: https://www.econbiz.de/10012124587
This paper explores the effect of inflation supply and demand shocks on government debt. It identifies the shocks using …
Persistent link: https://www.econbiz.de/10014536631
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995
Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …
Persistent link: https://www.econbiz.de/10011286255
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
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