Showing 1 - 10 of 32,844
This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been … effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer … framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while …
Persistent link: https://www.econbiz.de/10012998770
inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …
Persistent link: https://www.econbiz.de/10011584699
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …
Persistent link: https://www.econbiz.de/10012625516
, we demonstrate that effort dampens the response of inflation to exogenous shocks. …
Persistent link: https://www.econbiz.de/10012134398
Low and stable inflation requires an appropriate fiscal framework aimed at stabilizing government debt. Historically …, trend inflation is critically influenced by actual or perceived changes to this framework, while cost-push shocks only … account for short-lasting movements in inflation. Before the pandemic, a moderate level of fiscal inflation has counteracted …
Persistent link: https://www.econbiz.de/10013357155
This study sought to identify the traditional and institutional inflation variables responsible for inflation … year. The study therefore concluded that inflation in Nigeria, during the studied period, was driven by the pass-through of … import prices to domestic prices via markup pricing by firms. This was aided by domestic inflation persistence. It is …
Persistent link: https://www.econbiz.de/10011961647
The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis … utilized to reflect the relations between financial policy and inflation. Thus, more lights are shed on the fact that the first … components represented in governmental expenditure and taxation and the dependant variable inflation. The results show that there …
Persistent link: https://www.econbiz.de/10013107752
inflation expectation, and the decrease of the growth rate of money supply quickly suppress inflation. With a dominant presence … rapid monetary expansion and then ultimately inflation. When inflation rises above a certain threshold, it will lead to …, it will become consensus of the central leadership to suppress inflation and tighten the monetary policy. Due to the …
Persistent link: https://www.econbiz.de/10013013333
consecutive month, intensifying the ongoing debate about whether high inflation will prove temporary or more lasting. This paper … seeks to inform this debate by evaluating the current conditions contributing to the recent uptick in inflation and … comparing them to conditions that caused similar episodes of high inflation in the past. The paper concludes that inflationary …
Persistent link: https://www.econbiz.de/10013215264
We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …
Persistent link: https://www.econbiz.de/10013219614