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Euro Area inflation differentials
Angeloni, Ignazio (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10002233690
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Exchange rate shocks and inflation comovement in the euro area
Leiva-Leon, Danilo; Martínez-Martín, Jaime; Ortega, Eva - 2020
This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries in ation into country-specific (idiosyncratic) and region-wide (common) components. To do so, we propose a exible empirical framework based on dynamic factor models subject to drifting...
Persistent link: https://www.econbiz.de/10012181317
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Import price dynamics in major advanced economies and heterogeneity in exchange rate pass-through
Dées, Stéphane (contributor);  … - 2008
This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced economies at three different levels: 1) across destination markets ; 2) across types of exporters (distinguishing developed economy from emerging economy exporters); and 3)...
Persistent link: https://www.econbiz.de/10003789458
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Globalisation, domestic inflation and global output gaps : evidence from the euro area
Calza, Alessandro (contributor) - 2008
This paper tests whether the proposition that globalisation has led to greater sensitivity of domestic inflation to the global output gap (the global output gap hypothesisʺ) holds for the euro area. The empirical analysis uses quarterly data over the period 1979-2003. Measures of the global...
Persistent link: https://www.econbiz.de/10003778776
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External shocks and international inflation linkages : a global VAR analysis
Galesi, Alessandro; Lombardi, Marco - 2009
Amid the recent commodity price gyrations, policy makers have become increasingly concerned in assessing to what extent oil and food price shocks transmit to the inflationary outlook and the real economy. In this paper, we try to tackle this issue by means of a Global Vector Autoregressive...
Persistent link: https://www.econbiz.de/10003867024
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Pass-through of external shocks along the pricing chain : a panel estimation approach for the euro area
Landau, Bettina; Skudelny, Frauke - 2009
In this paper we analyse in a mark-up framework the pass-through of commodity price and exchange rate shocks to the main components of producer and consumer prices. Thereby we link movements in prices at the different production stages as firms set their prices as a mark-up over production...
Persistent link: https://www.econbiz.de/10003963792
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Inflation convergence and divergence within the European Monetary Union
Busetti, Fabio; Forni, Lorenzo; Harvey, Andrew C.; … - 2006
We study the convergence properties of inflation rates among the countries of the European Monetary Union over the period 1980-2004. Given the Maastricht agreements and the adoption of the single currency, the sample can be naturally split into two parts, before and after the birth of the euro....
Persistent link: https://www.econbiz.de/10003250374
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Global inflation
Ciccarelli, Matteo (contributor); Mojon, Benoît (contributor) - 2005
This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22) OECD countries have a common factor that alone account for nearly 70% of their variance. This large variance share that is associated to Global Inflation is not only due to the...
Persistent link: https://www.econbiz.de/10003162272
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Missing disinflation and missing inflation : the puzzles that aren't
Bobeica, Elena; Jarociński, Marek - Task Force on Low Inflation (LIFT) - 2017
In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...
Persistent link: https://www.econbiz.de/10011636259
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Monetary policy, asset prices and consumption in China
Koivu, Tuuli - 2010
This paper studies the wealth channel in China. Using the structural vector autoregression method, we find that a … loosening of China's monetary policy indeed leads to higher asset prices, which in turn are linked to household consumption …. However, the importance of the wealth channel as a part of the monetary policy transmission mechanism in China is still …
Persistent link: https://www.econbiz.de/10008657121