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exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the … forecasting inflation. …
Persistent link: https://www.econbiz.de/10012523788
Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …
Persistent link: https://www.econbiz.de/10009480479
sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …
Persistent link: https://www.econbiz.de/10009480481
Usando microdatos del IPC para 11 países del área del euro, que representan el 60 % de la cesta europea de consumo durante el período 2010-2019, documentamos nuevos resultados sobre rigidez de precios en el área del euro: i) cada mes, en promedio, el 12,3 % de los precios sufren cambios, en...
Persistent link: https://www.econbiz.de/10013494473
Rationale Analysis of the price micro data used to construct the consumer price index (CPI) allows us to understand how much of the inflationary spike observed in Spain between 2021 and 2023 was attributable to changes in the number of outlets adjusting prices (the “adjustment frequency”),...
Persistent link: https://www.econbiz.de/10014502636
Summary of Banco de España Working Paper no. 2225
Persistent link: https://www.econbiz.de/10014569484
El 28 de diciembre de 2022, el Gobierno español anunció una reducción del impuesto sobre el valor añadido (IVA) con carácter temporal para determinados productos. Los tipos de IVA se redujeron el 1 de enero de 2023 y se espera que vuelvan a su nivel anterior a mediados de 2024. Utilizando...
Persistent link: https://www.econbiz.de/10014573631
We study the impact of outright (i.e., permanent) Open Market Operations (POMOs) by the Federal Reserve Bank of New York (FRBNY) on the microstructure of the secondary U.S. Treasury market. POMOs are trades in U.S. Treasury securities aimed at accomplishing the Federal Reserve’s target level...
Persistent link: https://www.econbiz.de/10009477265
causality of the oil price by US inflation as is consistent with the theory …
Persistent link: https://www.econbiz.de/10012530274
contribution of economic growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production on … secondary data which are obtained from the economic growth, inflation, exchange rates, SBI rates, international oil prices and … growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production at lag t-1. By using …
Persistent link: https://www.econbiz.de/10009464681