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Previous studies have stressed that in ation dynamics exhibit a substantial disper- sion across sectors. Using US producer price data, we present evidence that sectoral in ation persistence is negatively correlated with market concentration, which is diffi- cult to reconcile with the prediction...
Persistent link: https://www.econbiz.de/10012195719
Previous studies have stressed that inflation dynamics exhibit a substantial dispersion across sectors. Using US … producer price data, we present evidence that sectoral inflation persistence is negatively correlated with market concentration … strategic complementarity generates greater inflation persistence, our model successfully replicates the observed negative …
Persistent link: https://www.econbiz.de/10012838601
that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …
Persistent link: https://www.econbiz.de/10012822874
that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …
Persistent link: https://www.econbiz.de/10013315102
rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we … price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month …
Persistent link: https://www.econbiz.de/10013230109
Previous studies have emphasized the asymmetry in the Sino-LAC partnership, solely based on their trade exchanges. This paper extends the boundaries of understanding structural asymmetries in the Sino-LAC trade, by considering unequal opportunities in this partnership. The latter is accounted...
Persistent link: https://www.econbiz.de/10013015709
Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences … between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years … inflation differences within countries. Between countries, multinational retail chains not only differentiate products by …
Persistent link: https://www.econbiz.de/10014316426
The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10011956540
We use cointegration tests that determine endogenously the regime shift to test for bilateral inflation rate … breaks, only for seven of the fourteen countries examined we find evidence of a long run relationship between their inflation … rates and the German inflation rate. In contrast, our innovative approach provides strong evidence in favour of such …
Persistent link: https://www.econbiz.de/10014128476
The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10012896251