Showing 1 - 10 of 1,325
household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain … in high inflation countries are using higher best fitting constant gain parameters than those in low inflation countries … frequently than households. Furthermore, household expectations in the Euro Area have not converged to the inflation goal of the …
Persistent link: https://www.econbiz.de/10010295853
aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10010260622
We use parametric power ARCH models of the conditional variance of inflation to model the relationship between … inflation and its uncertainty using monthly data for Germany, the Netherlands and Sweden over a period ranging from 1962 to 2004 ….For all three countries inflation significantly raises inflation uncertainty as predicted by Friedman. Increased …
Persistent link: https://www.econbiz.de/10010274364
Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …
Persistent link: https://www.econbiz.de/10010299186
aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10011476471
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
This paper analyzes how individual investors respond to inflation. We introduce a unique dataset containing information … on local inflation and security portfolios of more than 2,000 clients of a German bank between 1920 and 1924, covering … the hyperinflation. We find that individual investors buy less (sell more) stocks when facing higher local inflation. This …
Persistent link: https://www.econbiz.de/10012515013
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the … demographic change and inflation dynamics. We are the first to formally disentangle the two components of demographic change …: population size and structure, and determine how they separately affect inflation. We find that changes in population size are a …
Persistent link: https://www.econbiz.de/10012265487
aktuellen Preisentwicklungen bei einer Reihe von Lebensmitteln haben indes nur geringe Auswirkungen auf die Inflation, und auch …
Persistent link: https://www.econbiz.de/10011601748