Showing 1 - 7 of 7
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …
Persistent link: https://www.econbiz.de/10011622329
inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general … distribution of the forecast, as well as various inflation risk measures that have been proposed in the literature. Finally, the …
Persistent link: https://www.econbiz.de/10003285769
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation. It is...
Persistent link: https://www.econbiz.de/10011623232
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011625697
staggered price setting will aim at minimising a weighted average of domestic and import price inflation. …
Persistent link: https://www.econbiz.de/10011623407
explain the cross-correlation between output and inflation? What are the effects of productivity on hours worked? What are the …
Persistent link: https://www.econbiz.de/10011618212
a structural definition of pipeline pressures to inflation and use Bayesian techniques to infer their presence from … pressures take time to materialize which renders them an important source of inflation persistence. (ii) As we trace their … origins to 35 disaggregate sectors, pipeline pressures are documented to be a key source of headline/disaggregated inflation …
Persistent link: https://www.econbiz.de/10011920521