Showing 1 - 10 of 9,066
constructed nonparametrically on the basis of partial sums.We apply this approach to the federal funds rate and the CPI inflation … the inflation rate is positively related to the nonlinear trend in the interest rate.This positive relation between … interest and inflation is known in the literature as the price puzzle. Thus, our result suggests that the price puzzle is due …
Persistent link: https://www.econbiz.de/10011091350
devaluation of the US mechanical rate against inflation since the Copyright Act of 1976. As Congress and the CARP Tribunal are … ultimately involved in setting terms, the implication is that songwriters and their publishers are losing power in the USA … against the record labels. For a variety of reasons, the phenomenon seems to be particular to the USA. It has also gone …
Persistent link: https://www.econbiz.de/10009352593
determinant in the go through channel affecting the prices of final goods and services and inflation in the USA. I test several …The paper analyses the impact of the labour costs and import costs on the prices of final goods in the USA during the … goods in last 50 years in the USA. …
Persistent link: https://www.econbiz.de/10010816774
evidence of a long-run equilibrium negative relation between the inflation rate and a real stock price index. The Dynamic …
Persistent link: https://www.econbiz.de/10005827645
The Fisher effect postulated that real interest rate is constant, and that nominal interest rate and expected inflation … interest rate and inflation rate while rejecting the notion of a full Fisher Effect. The dynamic relationship between nominal … interest rate and inflation rate is also examined from the error-correction models derived, and the analysis is extended to …
Persistent link: https://www.econbiz.de/10005837445
relationship, and 2) using inflation as an additional explanatory variable. By implementing a well structured estimation strategy …, we found that after taking the level shift into account, a cointegrating equation, including inflation, exists and is …
Persistent link: https://www.econbiz.de/10010597501
The Taylor curve allows the description of the compromise relationship between the variability of the inflation ratio … and the dynamics of production, from our study; it can be observed that the value of the inflation quotient decreases with …
Persistent link: https://www.econbiz.de/10010598376
. Finally, we find that an inflation shock has a U-shaped negative impact on aggregate and modern house prices in the UK. …
Persistent link: https://www.econbiz.de/10010598968
In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.
Persistent link: https://www.econbiz.de/10005808110
This paper attempts to examine empirically the dynamic relationship between inflation, growth and interest rate under … has a negative impact on both growth and the size of the informal activities, while inflation does not have a significant … are mostly carried out by the changes in inflation. The causal relation from inflation to interest rate is significantly …
Persistent link: https://www.econbiz.de/10011212874