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[...]In this article, we model the relationship between goodsinflation and services inflation from 1967:2 to 2002:4. To … helpinform the inflation debate, we then use our results to forecastinflation for 2003. The specific inflation series that we … services inflation have experiencedpermanent increases and reductions, but these shifts havemoved roughly in tandem.2 That is …
Persistent link: https://www.econbiz.de/10005869744
[...]Inflation targeting in New Zealand followed legislationthat mandated a Policy Targets Agreement (PTA)between the … elected government and the newlyindependent central bank, which resulted in a jointlydecided numerical target for inflation.[...] …
Persistent link: https://www.econbiz.de/10005870261
Interest in commodity prices as indicators of consumerprice inflation has ebbed and flowed withthe rise and fall in … predictivepower has returned. Inflation hawks point to an outpouringof studies in the late 1980s showing a strong empiricalconnection … between commodity prices and subsequentconsumer inflation. Indeed, the concern over commoditieshas grown to the point where …
Persistent link: https://www.econbiz.de/10005870352
output and for both domestic GDP and CPI inflation rates can replicate thecooperative allocation.[...] …
Persistent link: https://www.econbiz.de/10005871073
We test the menu cost model of Ball and Mankiw (1994, 1995), which impliesthat the impact of price dispersion on … inflation should differ between inflation anddeflation episodes, using data for Japan and Hong Kong. We use a random … both the inflation and deflation periods, and the parameteron the second moment changes sign in the deflation period, as …
Persistent link: https://www.econbiz.de/10005867865
, thebusiness cycle, and inflation, on account of the pronouncedprocyclical pattern of house prices. Are house prices asymptom of … transmissionmechanism by which changes in short-term interest rates affectconsumption, the output gap, and hence inflation. It isimportant …
Persistent link: https://www.econbiz.de/10005869384
on inflation measures that are likely goals for U.S.monetary policy, namely the consumer price index (CPI) andthe …[...]This article provides a systematic evaluation of severalproposed measures of U.S. core inflation: the popular ex … currentdebate on this issue, we adopt a general framework for theanalysis. Regarding the choice of aggregate price indexes, wefocus …
Persistent link: https://www.econbiz.de/10005869658
We investigate the information content of aggregate stock market liquidity and askwhether it may be a useful realtime indicator, both for nancial stress, and real economicactivity in Norway. We describe the development in a set of liquidity proxies at the OsloStock Exchange (OSE) for the period...
Persistent link: https://www.econbiz.de/10009305195
Preis-Absatz-Funktion zu bestimmen. So soll es möglich werden, den gewinnoptimalen Preis exakter als bisher festzulegen …
Persistent link: https://www.econbiz.de/10005840597
In dem vorliegenden Artikel beschreiben die Autoren eine neue Form derPreisdifferenzierung mit beachtlichem Gewinnsteigerungspotenzial. Bei dieser speziellen Form der Preisdifferenzierung handelt es sich um eine auf die Personenzahl bezogene Rabattierung, bei der analog zur Preisbündelung...
Persistent link: https://www.econbiz.de/10005840600