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Core inflation in the Euro area : evidence from the structural VAR approach

Hahn, Elke - 2002 - This version: April 2002

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is estimated by means of the structural vector autoregressive approach. We demonstrate that the HICP sometimes seems to be a misleading indicator for monetary policy in the euro area. We...

Persistent link: https://www.econbiz.de/10009767687

Determinants of consumer price inflation versus producer price inflation in Asia

Juthathip Jongwanich; Wongcharoen, Petchtharin; Park, … - 2016

We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies during 2000-2015. In this connection, we also investigate the pass-through of global oil prices, global food prices, and exchange rates to domestic producer and consumer prices....

Persistent link: https://www.econbiz.de/10011579513

Shocks versus structure : explaining differences in exchange rate pass-through across countries and time

Forbes, Kristin; Hjortsoe, Ida; Nenova, Tsvetelina - 2017

We show that exchange rate pass-through to consumer prices varies not only across countries, but also over time. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate, use of foreign currency invoicing, and openness - in...

Persistent link: https://www.econbiz.de/10011671018

Conditional exchange rate pass-through : evidence from Sweden

Corbo, Vesna; Di Casola, Paola - 2018

The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper … exchange rate following a certain exogenous shock, with a structural econometric approach using data for Sweden, a small … shock is rather small. Importantly, this shock is not the most important driver of exchange rate fluctuations, unlike what …

Persistent link: https://www.econbiz.de/10011806006

Drivers of consumer prices and exchange rates in small open economies

Corbo, Vesna; Di Casola, Paola - 2020

economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock … pass-through following this shock is of opposite sign to what is usually expected. Finally, exogenous shocks to the …

Persistent link: https://www.econbiz.de/10012176017

Sectoral shocks and monetary policy in the United Kingdom

Dixon, Huw; Franklin, Jeremy; Millard, Stephen - 2021

In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates. To do this we construct a Generalised Taylor model that takes specific account of the sectoral make-up of the consumer price index (CPI). We calibrate the model for each sector...

Persistent link: https://www.econbiz.de/10012591789

Measuring price selection in microdata : it's not there

Karadi, Peter; Schoenle, Raphael; Wursten, Jesse - 2021

We use microdata to estimate the strength of price selection - a key metric for the effect of monetary policy on the real economy. We propose a product-level proxy for mispricing and assess whether products with larger mispricing respond with a higher probability to identified monetary and...

Persistent link: https://www.econbiz.de/10012547543

Cross-country differences in the effects of monetary policy shocks on output and prices and their determinants

Yim, Geunhyung; Nah, Seungho; Oh, Daun - In: Japan and the world economy 70 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10015063470

Reset Price Inflation and the Impact of Monetary Policy Shocks

Bils, Mark; Klenow, Peter J.; Malin, Ben - 2021

A standard state-dependent pricing model generates little monetary non-neutrality. Two ways of generating more meaningful real effects are time-dependent pricing and strategic complementarities. These mechanisms have telltale implications for the persistence and volatility of "reset price...

Persistent link: https://www.econbiz.de/10013226096

A decade of impact of monetary policy on food inflation : an overview and future direction

Kaur, Simranjeet - In: Vision : the journal of business perspective 27 (2023) 4, pp. 498-509

Persistent link: https://www.econbiz.de/10014365966