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There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …
Persistent link: https://www.econbiz.de/10012269197
them. We conclude that inflation in China responds to credit shocks. Indeed, the monetary transmission mechanism in China …
Persistent link: https://www.econbiz.de/10012989183
them. We conclude that inflation in China responds to credit shocks. Indeed, the monetary transmission mechanism in China …
Persistent link: https://www.econbiz.de/10012997473
them. We conclude that inflation in China responds to credit shocks. Indeed, the monetary transmission mechanism in China …
Persistent link: https://www.econbiz.de/10013029135
to real economic developments even as it focuses on an inflation objective. Using monthly data, we show how speeches by … the Bundesbank's President dealing with inflation help explain both interest rate movements as well as the central bank …
Persistent link: https://www.econbiz.de/10014061630
Relying on Clive Granger's many and varied contributions to econometric analysis, this paper considers some of the key econometric considerations involved in estimating Taylor type rules for US data. We focus on the roles of unit roots, cointegration, structural breaks, and non-linearities to...
Persistent link: https://www.econbiz.de/10014068494
Monetary policy relies on managing the inflation expectations of the public in order to influence prices (inflation … interviews and qualitative content analysis, we explore the extent of the journalists' knowledge about inflation and monetary …
Persistent link: https://www.econbiz.de/10012836122
Stylized facts suggest that the monetary policies in the US versus dollar bloc countries that formally target inflation … (Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …
Persistent link: https://www.econbiz.de/10014070530
since the early 1990s for a group of 9 economies, 5 of which explicitly target inflation, and ask: To what extent are … disagreements over forecasts of inflation driven by movements in relative prices? The empirical evidence leads to the following … conclusions. First, there is little doubt that IT has contributed to narrowing the forecast differences vis-a-vis U.S. inflation …
Persistent link: https://www.econbiz.de/10013156550
Inflation is a monetary policy outcome, but in the short to medium term, price and wage decisions are co-determined by …, deliberately simplified messages, most of the public tends to access inflation-related information through the media. In this paper …, we examine South African newspaper articles to identify how inflation is presented in the media and the role of the media …
Persistent link: https://www.econbiz.de/10012848743