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This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …, they cannot explain them all.<P>Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres … certain nombre de différences dans l'impact estimé des prix à l'importation des produits de base et des taux de change sur l'inflation …
Persistent link: https://www.econbiz.de/10005045826
This paper explores the question to what extent non-domestic factors provide an explanation of US inflation over the … last three decades. Are lagged dependent variables – traditionally interpreted as proxies for inflation expectations – just … estimated for the USA. The results show that crude oil prices, which basically are world market prices, have exerted a strong …
Persistent link: https://www.econbiz.de/10010663712
Persistent link: https://www.econbiz.de/10004051682
rich-world wages and prices will lift, and globalization will become an inflationary force instead. …This paper evaluates the theoretical and empirical evidence that bears on the question of whether globalization and … petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of …
Persistent link: https://www.econbiz.de/10011205841
We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the … inflation series and as well as for the consumer price inflation at representative product groups level, taking into account the … influence of structural breaks in the mean of inflation on the level of persistence. We find strong evidence for a break in the …
Persistent link: https://www.econbiz.de/10010838875
A standard monetary model of inflation is augmented to include import, labor, energy, and intermediate good cost …. Implications for parameter magnitudes and other empirical issues are discussed with respect to potential estimation procedures. …
Persistent link: https://www.econbiz.de/10005125015
We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the … inflation series and as well as for the consumer price inflation at representative product groups level, taking into account the … influence of structural breaks in the mean of inflation on the level of persistence. We find strong evidence for a break in the …
Persistent link: https://www.econbiz.de/10010737084
determinant in the go through channel affecting the prices of final goods and services and inflation in the USA. I test several … prices. The analysis shows that lagged variables increase the overall fit of the estimation. The contribution of my paper is …
Persistent link: https://www.econbiz.de/10010816774
Uruguay has consolidated economic gains, supported by strong macroeconomic policies and a broadly favorable external environment. Growth has exceeded expectations, unemployment has reached record lows, and poverty has continued to fall, while economic vulnerabilities have been significantly...
Persistent link: https://www.econbiz.de/10011244582