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Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to ‘hardwire’ inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the ‘intrinsic’ component of inflation persistence are not invariant across monetary policy …
Persistent link: https://www.econbiz.de/10011605084
Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to 'hardwire' inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the 'intrinsic' component of inflation persistence are not invariant across monetary policy …
Persistent link: https://www.econbiz.de/10003832590
Persistent link: https://www.econbiz.de/10002616333
indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …
Persistent link: https://www.econbiz.de/10011604913
the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area …
Persistent link: https://www.econbiz.de/10011604946
Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation’s long-run variation explained by long-run money growth has … correspondence with the inflationary outbursts associated with World War I and the Great Inflation–but not World War II …
Persistent link: https://www.econbiz.de/10011605073
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area. Unlike the existing literature, which mainly focuses on food commodity prices quoted in international markets, we use a novel database that accounts for the role of the Common...
Persistent link: https://www.econbiz.de/10011605214
ingredient to model. In fact, I found that the estimated premium is a very powerful predictor of inflation. It overcomes, in …
Persistent link: https://www.econbiz.de/10011605217
and beyond the determinants of currency invoicing (i.e., inflation rate, inflation volatility, foreign exchange market … by a drop in inflation volatility. …
Persistent link: https://www.econbiz.de/10010275698
Persistent link: https://www.econbiz.de/10014334697