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useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010208787
) – do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …
Persistent link: https://www.econbiz.de/10012893775
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012617622
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10013213014
) - do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as …
Persistent link: https://www.econbiz.de/10011959294
We document that a large fraction of a representative population of men—those below the top of the distribution by cognitive abilities (IQ)—barely reacts to measures of monetary and fiscal policy that aim at influencing their leverage and durable spending decisions. To the contrary, high-IQ...
Persistent link: https://www.econbiz.de/10012863217
The purpose of this paper is to determine the main causes of the Belarus high inflation during the period 1996 … rate. They are also consistent with shocks-and accommodation view of the inflation process. These findings, consistent with … some recent studies of inflation in transition economies, imply that exchange rate and wage policies, in addition to the …
Persistent link: https://www.econbiz.de/10014059066
this policy strategy could have largely prevented the post-pandemic inflation episode. …
Persistent link: https://www.econbiz.de/10014632303
This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high …
Persistent link: https://www.econbiz.de/10014230113
This paper empirically investigates the role of long-term inflation expectations for the monetary transmission … mechanism. In contrast to earlier studies, we confirm that U.S. long-term inflation expectations respond significantly to a … monetary policy shock. In line with a re-anchoring channel of monetary policy, we find that long-term inflation expectations …
Persistent link: https://www.econbiz.de/10012311576