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The persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it … results show that while face-to-face services were undoubtedly hit hard by the COVID-19 crisis, the sectoral shock was less … suggest that targeted measures to mitigate the persistent effects of the employment shock should take priority during the …
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supply shock, central banks would do well to focus on some measure of core inflation rather than headline inflation so as to …
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We analyze the impact of the ECB monetary policies on global aggregate and sectoral commodity prices using monthly data from January 2001 till August 2019. We employ a SVAR model and assess separately period of conventional monetary policy before global financial crisis (GFC) and unconventional...
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This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that international commodity price shocks have a significant impact on domestic...
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