Showing 1 - 10 of 110
entscheidende Rolle. Als eine Erklärung konjunktureller Schwankungen wird beispielsweise in der Konjunkturtheorie die …
Persistent link: https://www.econbiz.de/10009129467
This paper introduces a new algorithm, the recursive upwind Gauss–Seidel method, andapplies it to solve a standard stochastic growth model in which the technology shocksexhibit heteroskedasticity. This method exploits the fact that the equations definingequilibrium can be viewed as a set of...
Persistent link: https://www.econbiz.de/10009347533
The Hodrick-Prescott …lter is often applied to economic series as part of thestudy of business cycles. Its properties have most frequently been exploredthrough the development of essentially asymptotic results which are practicallyrelevant only some distance from series endpoints. Our concern...
Persistent link: https://www.econbiz.de/10005868904
of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional …
Persistent link: https://www.econbiz.de/10005840342
examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms’ costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …
Persistent link: https://www.econbiz.de/10005854268
to consumer price inflation in an international comparisonover the period from 1990 to 2004. The analysis focuses on the … long run relationships,applying three different cointegration tests. It covers the US, Canada,Australia, Japan, the …
Persistent link: https://www.econbiz.de/10005854985
difficulties: the calculation, the verification and the inflation problem. This article focuses on the inflation problem. It is … shown that the inflation problem can be resolved by modifying the individual ageing provisions in a special way. Future …
Persistent link: https://www.econbiz.de/10005856264
Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders to … borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We model an … inflation episode as an unanticipated shock to the wealth distribution in a quantitative overlapping-generations model of the U …
Persistent link: https://www.econbiz.de/10005857752
future changes in the rate of inflation. More recently, this relationship has been strengthened through the introduction of …-of-sample forecasting exercise. We find that three-regime models that allow for shifts in the inflation risk premium or real interest rate (or … both) are the most promising forecasting models of inflation when using the term structure. …
Persistent link: https://www.econbiz.de/10005857756
explicitly on Euro-zone inflation forecastswill diminish problems associated with the large number of country … target inflation - essentially theCzech Republic, Hungary, and Poland - should maintain this monetary policy strategy …
Persistent link: https://www.econbiz.de/10005858144