Showing 1 - 10 of 3,499
. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …
Persistent link: https://www.econbiz.de/10011671018
During the pandemic, many countries saw a slight and ephemeral decline decrease in inflation at the beginning, followed …’ currencies have faced continuous depreciation. This study aims to examine the relationship between changes in inflation and … appreciation of the U.S. dollar is linked to an acceleration in global inflation. The infection rate and GDP per capita have a …
Persistent link: https://www.econbiz.de/10014258141
This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in lending can be explained by a shift in credit towards both...
Persistent link: https://www.econbiz.de/10012792736
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/10011661500
The paper investigates the emergence of complex market expectations (opinion dynamics) around nominal exchange rate adjustments using a macro-financial model of a small open economy featuring heterogeneous expectation formation (chartists and fundamentalists) and gradual adjustment processes in...
Persistent link: https://www.econbiz.de/10010235495
strategies may be well described by Taylor rules with a time-varying inflation target, a time-varying natural rate of … benchmark model that does not account for changes in trend inflation and trend unemployment …
Persistent link: https://www.econbiz.de/10013015703
We study the course of the Swiss price level during the recent episode where Switzerland enforced a floor on the Swiss Franc exchange rate relative to the Euro. Given the strong nominal upward pressure on the Swiss currency the introduced limit of 1.20 Francs per Euro led to a quasi-fixed...
Persistent link: https://www.econbiz.de/10013006633
This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues in open economy macroeconomics. The nominal exchange rate and portfolio choices are jointly determined in equilibrium, thus providing a new approach to overcoming the...
Persistent link: https://www.econbiz.de/10013212261
We examine the inflation targeting (IT) experiences of emerging market economies, focusing especially on the roles of … significant and stable response running from inflation to policy interest rates in emerging markets that are following publically … announced IT policies. By contrast, central banks respond much less to inflation in non-IT regimes. IT emerging markets follow a …
Persistent link: https://www.econbiz.de/10003854834
Starting from the stylized fact that the Swiss franc is a safe haven currency, this paper focuses on the determinants of the Swiss franc during the lower bound regime from September 2011 to January 2015. We describe the Swiss franc as a function of global market risk fundamentals and find that...
Persistent link: https://www.econbiz.de/10012972893