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estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
paper estimates the global commodity prices pass-through to consumer price inflation in Africa. Our sample includes monthly …
Persistent link: https://www.econbiz.de/10014342577
Central Bank of Nigeria should pay more attention to the trend of inflation and pursue policies that will ensure single digit … inflation. …
Persistent link: https://www.econbiz.de/10011489612
This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the … regime, and summarizes some major critiques.Monetary policy responses to inflation depend on the source of inflationary …
Persistent link: https://www.econbiz.de/10013088626
Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10-60 percent. This essay examines whether a further reduction in inflation …
Persistent link: https://www.econbiz.de/10012782260
are clearly present and explain around 24% of inflation differentials vis-a-vis the euro area (about 1.2 percentage points … total domestic inflation (about 1.1 percentage points on average). The paper presents mixed evidence on whether the Balassa …
Persistent link: https://www.econbiz.de/10012710836
, Nigeria and Sierra Leone. A key characteristic for a well-functioning common currency is convergence in inflation rates among … constituent members. A failure to achieve convergent inflation rates leads to real exchange rate misalignment, balance … potential members exhibit inflation differentials vis-à-vis Nigeria that are, at a minimum very slow to converge to zero. There …
Persistent link: https://www.econbiz.de/10013289715
Threshold inflation that maximizes long-term growth in an economy is dependent on fiscal deficit (FD) and current … account deficit (CAD). Since the existing empirical literature on threshold inflation lacks a robust theoretical framework …, the present study considers the theory developed by Dholakia (2020) to estimate threshold inflation that maximizes steady …
Persistent link: https://www.econbiz.de/10013213649
analysis that explores the multi-dimensional aspects of inflation in the region, in particular the respective contribution of …
Persistent link: https://www.econbiz.de/10012718450
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10013315286