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Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …
Persistent link: https://www.econbiz.de/10012254362
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real … the integration order of the variables. Acointegration analysis with four variables (economic growth, interest rate, GDP … rate. Finally regression used to test GDP, interest rate, and inflation rate together; results have shown that current GDP …
Persistent link: https://www.econbiz.de/10009755676
This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per country-has influenced inflation dynamics in a sample of 36 advanced and emerging economies over 2000-2017. Phillips curve estimates show that digitalization has a statistically...
Persistent link: https://www.econbiz.de/10012843503
.6 percentage points in 2015 – large enough to improve the picture of GDP and productivity growth in advanced economies. However …, this would not overturn the conclusion that productivity growth has slowed substantially compared over the past decades. …
Persistent link: https://www.econbiz.de/10011991922
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent … digitalisation is likely to boost future productivity gains from digitalisation. Digitalisation has spurred greater automation, with …The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and …
Persistent link: https://www.econbiz.de/10012626753
This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock valuation. I use financial statement analysis to examine systematic stock-valuation effects of aggregate price-level changes on individual companies, focusing on the implications...
Persistent link: https://www.econbiz.de/10011259622
Inflation is one of the most important economic indicators for a country. Understanding inflation based on the consumer spending patterns allows for better conceptualization of the phenomenon and improved policy responses for the unwanted developments, more precisely, increased price levels in...
Persistent link: https://www.econbiz.de/10012313794
fiscal and monetary policy must improve on measures and policies that could enhance domestic productivity in order to tame …
Persistent link: https://www.econbiz.de/10013362921
We examine economic activity in a large virtual economy which was designed to allow decentralized barter as the sole exchange institution. We find that a small subset of goods emerges endogenously which act of media of exchange. Our analysis includes estimation of spot exchange rates between...
Persistent link: https://www.econbiz.de/10010506281
This paper demonstrates that inflation rates are significantly modified when they are based on an alternative quality-adjusted measure of housing rents constructed from a monthly statistic of landlord net rental income. During the Great Recession, the official rate was overestimated by 1.7 to...
Persistent link: https://www.econbiz.de/10012855473