Showing 1 - 10 of 9,319
Persistent link: https://www.econbiz.de/10011848941
Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often … overlooked in the literature. This paper compares inflation volatility among advanced open economies with inflation targeting …, the volatility of inflation was similar among countries, even when controlling for monetary policy activity and other …
Persistent link: https://www.econbiz.de/10012827759
This paper examines four unresolved issues regarding the effects of GDP and inflation on financial development: (i …-linear? (iii) Does financial development vary with inflation rates? (iv) Does inflation moderate the effect of GDP on financial …, and the relationship is non-linear in over 60% of the countries. The authors also reveal that inflation has a negative …
Persistent link: https://www.econbiz.de/10011976076
inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …
Persistent link: https://www.econbiz.de/10012799838
. 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
In Africa, a number of countries like South Africa have adopted inflation targeting. In Nigeria, different monetary … policy regimes have been adopted over the years with rather unsatisfactory success. This study examines inflation targeting … 2016. The study unravels evidence of a significant response of inflation and squared inflation to policy interest rates in …
Persistent link: https://www.econbiz.de/10012628924
This paper considers the effect of exchange rate (ER) level on China’s domestic prices during the period of 2003–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time series vector error correction analysis. The main...
Persistent link: https://www.econbiz.de/10011598073
Vulnerability of exchange rates to the external price shocks as well as their absorption capabilities represents one of the most discussed area in the fixed versus flexible exchange rate dilemma. Ability of exchange rates to serve as a traditional vehicle for a transmission of external shocks to...
Persistent link: https://www.econbiz.de/10011553101
's Fully Modified Ordinary Least Square technique, we found that imports in Nigeria are domestic inflation or cross elastic in … domestic inflation to import demand, implying that previous values of domestic inflation offer additional information to …
Persistent link: https://www.econbiz.de/10013248448
We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...
Persistent link: https://www.econbiz.de/10010298101