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in turn influences the inflation and real output in the countries. While inflation is a major variable to affect the … purchasing power of low-income people, we examine the existence of linear and nonlinear linkages between inflation as a proxy of … growth, and inflation, we find that sector growth and inflation affect income inequality in the long-run …
Persistent link: https://www.econbiz.de/10012944898
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inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10014260984
inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10013543029
Persistent link: https://www.econbiz.de/10014495261
VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these...
Persistent link: https://www.econbiz.de/10012977749
connected in a cause and effect relationship with inflation and real output, the driving forces behind commodity price …
Persistent link: https://www.econbiz.de/10012945975
variables in the world's three largest economies (the US, the euro area and Japan) …
Persistent link: https://www.econbiz.de/10013317361
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