Showing 11 - 20 of 202
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010327330
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …
Persistent link: https://www.econbiz.de/10010334520
Inflation expectations play a crucial role for monetary policy transmission, having become even more important since … determinants of professional inflation expectations for the G7 economies. We emphasize the role of international spillovers in … inflation expectations stemming from monetary policy decisions in the US. We also consider several possible determinants, such …
Persistent link: https://www.econbiz.de/10011892023
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10005068989
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10005738718
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10008636404
consumer goods. -- Global liquidity ; inflation control ; monetary policy transmission ; asset prices …
Persistent link: https://www.econbiz.de/10003889489
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … liquidity ; inflation ; international spillovers …
Persistent link: https://www.econbiz.de/10003931399
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … liquidity ; inflation ; international spillovers …
Persistent link: https://www.econbiz.de/10003934679
Global monetary dynamics has been particularly strong in recent years. At the same time, house prices in many OECD countries increased sharply, significantly outpacing the relatively subdued development in consumer prices. In this paper we argue that different price elasticities on asset and...
Persistent link: https://www.econbiz.de/10010206379