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prices and quantities that national statistical institutes can use to produce more accurate, timely, measures of inflation … multilateral index number methods for computing month-to-month inflation. …
Persistent link: https://www.econbiz.de/10014419259
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
HICP inflation seems to be largely driven by the goods component while ERPT to services prices is largely insignificant …
Persistent link: https://www.econbiz.de/10012604346
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
policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other issues and may … even exclude important information. This paper develops a new underlying inflation gauge (UIG) for China which … differentiates between trend and noise, is available daily and uses a broad set of variables that potentially influence inflation …
Persistent link: https://www.econbiz.de/10010412468
We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard … deviations from the policy rule and the results are re-enforced by the presence of non-zero trend inflation. …
Persistent link: https://www.econbiz.de/10011389786
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995
In this paper, we investigate the effects of monetary policy concerning the inflation rates specific for each income … the different inflation rates specific for each of the income groups. By using a Factor-Augmented VAR (FAVAR) model, we …
Persistent link: https://www.econbiz.de/10012498854
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
movements with little inflation response; yet, at some point, something snaps, and a sudden inflation takes off that is strongly …
Persistent link: https://www.econbiz.de/10013472118