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In this paper, we study the evolution of inflation expectations for two key emerging economies, Brazil and Turkey …, using a reduced form model in a state-space framework, where the level of inflation is modeled explicitly. We match the … survey-based inflation expectations and inflation targets set by the central banks of Brazil and Turkey with the predictions …
Persistent link: https://www.econbiz.de/10010337610
We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …
Persistent link: https://www.econbiz.de/10011931106
While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …Während die Langfristbeziehung zwischen Geld und Inflation in der Literatur als weitgehend gesichert gilt, ist …
Persistent link: https://www.econbiz.de/10010271412
growth regime. Since the great financial crisis inflation developments have posed major puzzles to economists as inflation … paper analyses whether the wage-price pass-through may have contributed to these inflation puzzles. Applying the Threshold … or diminish the puzzle of the missing disinflation of the past two recessions suggesting that inflation should be …
Persistent link: https://www.econbiz.de/10012305400
importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also …
Persistent link: https://www.econbiz.de/10010284235
While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can … state space model ; inflation ; money …
Persistent link: https://www.econbiz.de/10003943488
applied to quarterly and monthly US inflation in an empirical study. We find that the persistence of quarterly inflation has … and density forecasts for monthly US inflation …
Persistent link: https://www.econbiz.de/10012924242
restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …
Persistent link: https://www.econbiz.de/10010296551
restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …
Persistent link: https://www.econbiz.de/10010264162
restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …
Persistent link: https://www.econbiz.de/10012753889