Showing 1 - 10 of 2,101
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10010261403
. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods … inflation. This renders it difficult for central bank to exit from their current very expansive monetary policy stance if they …
Persistent link: https://www.econbiz.de/10010271353
gemessener und wahrgenommener Inflation führen. Weiterhin wird untersucht, welche Personengruppen sich besonders von steigenden …In Europe and the U. S., official inflation rates reached a level of around 7 %-8 % in mid-2022. Based on survey data … for Germany, we show that there is a rising gap between the objective (administrative) inflation rate and the (subjective …
Persistent link: https://www.econbiz.de/10013468376
Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …
Persistent link: https://www.econbiz.de/10010292328
financed by money creation and to destabilizing expectations dynamics that can occasionally divorce inflation from fundamentals …. Our maximum likelihood estimates allow us to interpret observed inflation rates in terms of variations in the deficits … that cut inflation without reforming deficits. Our estimates also allow us to infer the deficit adjustments that seem to …
Persistent link: https://www.econbiz.de/10010292362
This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …
Persistent link: https://www.econbiz.de/10010293489
economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …
Persistent link: https://www.econbiz.de/10010293721
We verify whether cocoa prices could be a source of inflation in five countries of the West African region within a … remittances enables us to examine the effect of an international capital flow variable on inflation. The results reveal that the … influence of cocoa prices on consumer price inflation is strong and statistically significant. The influence of the budget …
Persistent link: https://www.econbiz.de/10010294008
This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …
Persistent link: https://www.econbiz.de/10010295663
This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …
Persistent link: https://www.econbiz.de/10010295806