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movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …
Persistent link: https://www.econbiz.de/10012206373
than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when …, we show that inflation of poor households in Brazil was at least 11 percentage points higher than of the rich in the … aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality …
Persistent link: https://www.econbiz.de/10012239519
The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper …
Persistent link: https://www.econbiz.de/10011806006
misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange … the direction of linking the estimated misalignment to inflationary differentials. Our results indicate that a positive 1 …
Persistent link: https://www.econbiz.de/10011505006
The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …
Persistent link: https://www.econbiz.de/10015050162
The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10011398366
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 … changes than for small ones in 9 out of 12 EA countries. -- exchange rate pass-through ; inflation ; smooth transition …
Persistent link: https://www.econbiz.de/10009572760
allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we …
Persistent link: https://www.econbiz.de/10011523612
" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …
Persistent link: https://www.econbiz.de/10011521215
Kamber et al (2020) investigate possible changes in the driving forces of inflation for a panel of 47 advanced and … curve model of inflation with increased weight on expected future inflation and an important role of the foreign output gap …. The estimated effects of inflation expectations, output gaps, exchange rate pass-through and oil prices are heterogeneous …
Persistent link: https://www.econbiz.de/10012836978