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correction model to weekly wheat grower prices in Serbia and world market prices, two states of the wheat market are identified … auf der Grundlage von wöchentlichen Erzeugerpreisen für Weizen in Serbien sowie Weltmarktpreisen geschätzt wird, lassen …
Persistent link: https://www.econbiz.de/10009326516
affected the transmission of price changes along the wheat-to-bread supply chain in Serbia. We aim to investigate if consumers …
Persistent link: https://www.econbiz.de/10011070498
This staff report on the Republic of Serbia’s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbia’s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below...
Persistent link: https://www.econbiz.de/10011245570
couple of years. The last country that announced this regime was Serbia. It is regularly introduced when previous one had … countries, and its application in Serbia is a subject of particular consideration. …
Persistent link: https://www.econbiz.de/10008554144
The efforts made by Serbia and other transition economies to control inflation led their central banks to pay close … Serbia has always been a matter of discussion. One of the main indicators of the lack of credibility in Serbia’s monetary … discussed, with a particular focus on Serbia’s experience with explicit inflation-control targets, and measures taken by the …
Persistent link: https://www.econbiz.de/10010652287
This 2014 Article IV Consultation highlights that the Serbian economy is facing serious challenges. GDP contracted by an estimated 2 percent in 2014 on account of continued falling domestic demand aggravated by floods, and weak economic activity in trading partners. This, together with the low...
Persistent link: https://www.econbiz.de/10011243048
, Einfluss auf die Inflationserwartungen zu nehmen und keine Kursänderung in Richtung restriktiver Geldpolitik. In diesem Sinn …
Persistent link: https://www.econbiz.de/10005055985
This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning technology to form expectations and to...
Persistent link: https://www.econbiz.de/10010986502
We use laboratory experiments with human subjects to test the relevance of different inflation targeting regimes. In particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is relevant to the success of inflation targeting. We find...
Persistent link: https://www.econbiz.de/10010858041
This study assesses how inflation expectations respond to inflation targets, forecasts, and realizations with a particular focus on whether the sensitivity of expectations to inflation realizations increases with the level of inflation. For the sample period between April 2006 and May 2012, our...
Persistent link: https://www.econbiz.de/10010941545