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The correlation between persistent changes in the markup in one sector of an economy and the inflation rate is quantified in a 2-sector dynamic general equilibrium model. How this relationship is affected by monetary policy is also studied. We find that the correlation is in general positive...
Persistent link: https://www.econbiz.de/10011585093
One of the greatest challenges facing official statistics in the 21st century is the use of alternative sources of data about prices (scanned and scraped data) in the analysis of price dynamics, which also involves selecting the appropriate formula of the price index at the elementary group...
Persistent link: https://www.econbiz.de/10013428840
Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via 'bubbles and busts' with output disturbances....
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inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …
Persistent link: https://www.econbiz.de/10011390613
unaltered by deflation, a further stimulative impact is difficult to implement once the zero bound is hit.This can be due to …
Persistent link: https://www.econbiz.de/10012148898
[...]In this article, we model the relationship between goodsinflation and services inflation from 1967:2 to 2002:4. To helpinform the inflation debate, we then use our results to forecastinflation for 2003. The specific inflation series that we model isthe quarterly change (at an annual rate)...
Persistent link: https://www.econbiz.de/10005869744
Die Entschlossenheit der Wirtschaftspolitik,sich mit niedrigen Zinsen undfi skalischen Impulsen gegen dieWeltwirtschaftskrise zu stemmen,provoziert Infl ationsbefürchtungen.Sie beruhen teilweise auf Mißverständnissenhinsichtlich des „Gelddruckens“der Notenbanken. Die Geldpolitikverfügt...
Persistent link: https://www.econbiz.de/10005865943