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L'absence de persistance dans la réponse de l'activité à un choc d'offre de monnaie constitue une propriété contrefactuelle récurrente des modèles d'équilibre général intertemporels stochastiques. On est alors tenté de combiner des imperfection fiancières et des rigidités de prix...
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distortionary impact of expected inflation on RPV in the region. Using the Panel Smooth Transition Regression (PSTR) model over the …While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the …
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inflation, wage adjustment due to indexation, the cash changeover and a larger number of competitors increase the probability of …
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This paper analyses the degree of price rigidity and of inflation persistence across different product categories with … overall inflation persistence, we find that, for most of the EU15 countries as well as for the EU15 and the euro area … aggregates, excluding services from the full HICP results in a reduction in the measured degree of inflation persistence; for …
Persistent link: https://www.econbiz.de/10009276983
distortionary impact of expected inflation on RPV in the region. Using the Panel Smooth Transition Regression (PSTR) model over the …While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the …
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