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inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the great inflation moderation (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …
Persistent link: https://www.econbiz.de/10010318622
We analyse the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area inflation developments play an important role in explaining inflation dynamics in SEE countries. Changes … exchange to the euro area (EA) market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal …
Persistent link: https://www.econbiz.de/10012101480
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
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
This paper examines the role of inflation expectations in Solomon Islands, a Pacific Island Country, using the Hybrid … matter for inflation. Fuel prices and output gap are important indicators of current inflation. The study highlights key … through effect onto domestic prices. Studies on the role of inflation expectations in small, open, economies of the Pacific …
Persistent link: https://www.econbiz.de/10012628568
generate substantial inflation. Such a shock induces an equilibrium decline in the relative price of services. If price … increase in goods prices, resulting in, on net, little inflation. If prices in the services sector are downwardly rigid …, however, this takes place mostly through an increase in goods prices, resulting in inflation. To illustrate the relevance of …
Persistent link: https://www.econbiz.de/10014515717
Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …
Persistent link: https://www.econbiz.de/10013553408
' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …
Persistent link: https://www.econbiz.de/10013347209
do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank …'s objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the …
Persistent link: https://www.econbiz.de/10013548986
This study contributes to the ongoing discussion surrounding the recent upswing in inflation by presenting an … analytical framework and empirically examining inflation trends in Italy. Its primary aim is to unveil the underlying causes …, distributive repercussions, and mechanisms through which inflation spreads. We adopt a cost-push and distributive conflict …
Persistent link: https://www.econbiz.de/10014529503