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This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
imported crude oil lead to domestic inflation in Japan has validity. In a model where real GDP growth, money stock growth, and … greater the domestic inflation rate. This impact is exacerbated the greater the percentage of oil consumption that is imported … elevate the domestic inflation rate. Hence, it appears that this foundation of the monetary authority in Japan has validity …
Persistent link: https://www.econbiz.de/10008512540
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
Persistent link: https://www.econbiz.de/10005503949
This paper studies the role played by the distribution sector in shaping the behavior of the real exchange rate during exchange-rate-based stabilizations. We use data for the U.S. and Argentina to document the importance of distribution margins in retail prices and disaggregated price data to...
Persistent link: https://www.econbiz.de/10005503974
This paper studies the behavior of inflation after nine large post-1990 contractionary devaluations. A salient feature … of the data is that inflation is low relative to the rate of devaluation. We argue that the distribution costs and …
Persistent link: https://www.econbiz.de/10005504047
be held constant in the face of a domestic inflation. In this circumstance, import duties and export subsidies would have … in line with domestic inflation. Unless such a passive policy is accompanied by the elimination of trade barriers …
Persistent link: https://www.econbiz.de/10005504441
much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … not recorded by official inflation statistics. We do not find evidence in support of this hypothesis. …
Persistent link: https://www.econbiz.de/10005504448
This paper assembles an original panel of data from 2,500 restaurants in Italy over the 1998-2004 period. The main objective is to study whether the euro cash changeover had an impact on individual pricing behaviour, as it seems to be perceived by consumers. Although the sample is not...
Persistent link: https://www.econbiz.de/10005504555
government to maintain a socially efficient policy of zero inflation for most of the game, without any formal precommitment … supports the results of Backus and Driffill and of Barro, in that the uncertainty induces low or zero inflation outcomes in the …
Persistent link: https://www.econbiz.de/10005504603