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This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10013082860
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2012, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play central …
Persistent link: https://www.econbiz.de/10012944410
analysis that explores the multi-dimensional aspects of inflation in the region, in particular the respective contribution of …
Persistent link: https://www.econbiz.de/10012718450
This paper investigates the relationship between trade openness and inflation for panel data from 1970 to 2007. The … results show a negative effect of trade openness on inflation when inflation is higher but no effect when inflation is lower …. The negative relationship is stronger along with the inflation. The evidences are robust to controlling for exchange rate …
Persistent link: https://www.econbiz.de/10013126703
and disaggregated inflation where the disaggregated inflation comprises energy CPI, food CPI, Core CPI, and transport CPI … NARDL model suggest evidence of the asymmetric impact of oil price change on both aggregated and disaggregated inflation …-indexes of inflation, suggesting that oil price changes affect the transport sector more than the other sectors of an economy …
Persistent link: https://www.econbiz.de/10014331657
monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however …, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …
Persistent link: https://www.econbiz.de/10014209771
While the relationship between inflation and relative price variability (RPV) has been widely investigated in developed … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the … distortionary impact of expected inflation on RPV in the region. Using the Panel Smooth Transition Regression (PSTR) model over the …
Persistent link: https://www.econbiz.de/10013342712
This paper empirically investigates the evolution and the sources of interest rate pass-through heterogeneity in the Eurozone for a sample of 11 euro area countries over the period 2003M1-2011M12. Considering two harmonized bank retail rates, we first estimate single equation error correction...
Persistent link: https://www.econbiz.de/10013003901
This paper empirically investigates the evolution and the sources of interest rate pass-through heterogeneity in the Eurozone for a sample of 11 euro area countries over the period 2003M1-2011M12. Considering two harmonized bank retail rates, we first estimate single equation error correction...
Persistent link: https://www.econbiz.de/10013033203
European Central Bank's Inflation Persistence Network. …
Persistent link: https://www.econbiz.de/10010336066