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and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …
Persistent link: https://www.econbiz.de/10010276206
and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …
Persistent link: https://www.econbiz.de/10013317182
In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is …
Persistent link: https://www.econbiz.de/10012444759
Global inflation has surged to 7.5 percent in August 2022, from an average of 2.1 percent in the decade preceding the … factors to the post-pandemic rise in consumer price inflation, using monthly data and a battery of econometric methodologies … inflation dynamics throughout Europe, country-specific factors, including monetary and fiscal policy responses to the crisis …
Persistent link: https://www.econbiz.de/10014264538
, could not only push up CPI inflation but also affect its volatility. Existing empirical literature has only found that … carbon pricing schemes are generally associated to a transitory effect on the level of inflation. This paper assesses … empirically the effects of carbon pricing on inflation volatility for both carbon tax and cap-and-trade schemes (also known as …
Persistent link: https://www.econbiz.de/10014244322
This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …
Persistent link: https://www.econbiz.de/10010295663
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …
Persistent link: https://www.econbiz.de/10013168711
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012254362
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