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-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
Artículo de revista ; Global inflation rates have increased since early 2021, especially in the United States, where … there has been an upward surprise in recent months. Part of the US inflation increase is due to a statistical phenomenon … introduced in response to the pandemic; and third, a possible de-anchoring of medium-term inflation expectations. In any event …
Persistent link: https://www.econbiz.de/10014283484
function this thesis uses a robust control approach. Uncertainty is represented by a vector-shock-process, distorting the … equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of …
Persistent link: https://www.econbiz.de/10009449715
Drives Inflation. Chapter IV introduces a second model of a corrupt central banker, one who sells inside information … general seems to increase the inflation rate. My model of the corrupt central banker provides a new explanation of this effect …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …
Persistent link: https://www.econbiz.de/10009484798
untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar …
Persistent link: https://www.econbiz.de/10009467170
causality of the oil price by US inflation as is consistent with the theory …
Persistent link: https://www.econbiz.de/10012530274
Artículo de revista ; On 20 April 2020 the West Texas Intermediate (WTI) oil futures price for May delivery turned negative for the first time in history. Other crude prices also posted very low values and their volatility soared, far more than that on stock markets. This article analyses the...
Persistent link: https://www.econbiz.de/10012524978
, we obtain evidence, by means of a time-varying VAR, that the impact of the oil price shock on GDP growth has declined …
Persistent link: https://www.econbiz.de/10012530526
is why, in the process of rehabilitationfrom the economic crisis which is caused by Coronavirus, the customs policy …
Persistent link: https://www.econbiz.de/10012271287
This article entitled The dynamics of inflation in the context of the economic crisis is structured in two components … namely: the introductory part of which describes the inflation phenomenon and the second component aims to analyze the … evolution of the inflation rate in Romania, as a result of the unfolding economic crisis. At the same time, it can be stated …
Persistent link: https://www.econbiz.de/10012271291