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, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010513258
's implicit aversion towards inflation varies with income and other socio-economic characteristics. While inflation aversion …, these relationships apply not only to absolute inflation aversion, but also to the aversion towards inflation relative to … suggest that different dimensions of being disadvantaged influence the well-being effects of inflation in different ways. …
Persistent link: https://www.econbiz.de/10010438691
Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …
Persistent link: https://www.econbiz.de/10011636807
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010517439
Since 2021, the inflation rate in Germany and the euro area has increased significantly. At the same time, there are … increasing signs of ``de-anchoring'' of inflation expectations in Germany. This paper - building on the approach of Andre et al …. (2022) - examines in a pilot study survey-based narratives for the rising inflation together with socio-economic factors. A …
Persistent link: https://www.econbiz.de/10014326784
In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline … annual inflation figure. A one-off shock to monthly inflation will have an effect on the headline figure equal to 10% of the …
Persistent link: https://www.econbiz.de/10014491765
The price of rice at the retail level affects consumer welfare and influences inflation. The research objective was to … policy implications for reducing food price volatility and its impact on inflation. That is, a price policy aimed at price …
Persistent link: https://www.econbiz.de/10014500852
This study examines the relationship between central bank independence (CBI), financial stability, and inflation in 14 … independence and inflation. On the other hand, financial stability is only significant in the MG Model. Additional results obtained … from all forms of political and government influence in order to have greater chance of achieving lower inflation within …
Persistent link: https://www.econbiz.de/10014364290
We propose a new approach to assessing the anchoring of inflation expectations using "strategic surveys". Namely, we … measure households' revisions in long-run inflation expectations after they are presented with different economic scenarios. A … key advantage of this approach is that it provides a causal interpretation in terms of how inflation events affect long …
Persistent link: https://www.econbiz.de/10013162104
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …
Persistent link: https://www.econbiz.de/10013284915