that cap-and-trade schemes are associated with larger volatility in CPI headline inflation, while no significant effect is … the relative prices of greenhouse gas-intensive goods and services, could not only push up CPI inflation but also affect … its volatility. Existing empirical literature has only found that carbon pricing schemes are generally associated to a …

proposes a statistical model and a conceptual framework to estimate inflation volatility assuming rational inattention, where … conditional inflation volatility for Germany, Spain, the euro area and the United States using monthly data from January 2002 to … volatility into positive and negative surprise components and characterise different inflation volatility scenarios during the …

andexchange rate. The evidence for South Africa suggests that increased openness has significantly reduced the mean inflation rate …Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates …

sensitivity of South African inflation expectations to surprises. A comparison of South Africa's results with those of countries … means to help anchor inflation expectations. © Journal compilation © 2009 The Economic Society of South Africa. … sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to …

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … expectations in South Africa, and offers an additional method, which is market based. The methodologies of Nelson and Siegel and …

South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though … little destabilising impact on real output. © 2007 The Authors; Journal compilation © 2007 Economic Society of South Africa. …

periods is attributed to the time-varying volatility of shocks. The history for inflation is more nuanced, as a more vigorous …In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE …) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of …

Terrorism poses both direct and indirect threats to the operations of the firm. It represents a market imperfection … in the presence of unhindered exchange. Terrorism reflects the risk or actual encounter of violent acts, whose goal is to … engender fear, coercion, or intimidation. We investigate terrorism and its association with marketing strategy and operations …