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frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …This paper investigates the dynamic interactions of the cross-section distribution of sectoral price changes and the … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …
Persistent link: https://www.econbiz.de/10014465997
inflation we might end up with price increases independent of the inflation rate. The purpose of this teaching note is to … present an approach to estimate nominal price increases examining historical nominal prices and inflation rates. This way we … material, labor, overhead, etc.), cost of future debt, and others. If we set nominal price increases without a proper link to …
Persistent link: https://www.econbiz.de/10014113186
we know about the price-setting behavior of firms, income distribution, and inflation. We do that in juxtaposition to two …The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several … economists and policy makers have given to it names such as "profit-led inflation" or "sellers' inflation." The present paper …
Persistent link: https://www.econbiz.de/10014449786
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and … monetary authority should target the consumer price index (CPI) rather than the Domestic Price Index (DPI). When pass …
Persistent link: https://www.econbiz.de/10011523924
aggressiveness, negative supply shocks, and upward commodity price shocks all contribute to conflict inflation. They do so via two …This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a …
Persistent link: https://www.econbiz.de/10014529512
Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the current literature is based on VAR estimation methods and DSGE models. The aim of this paper is not a further deepening of this literature but rather to implement a calculation...
Persistent link: https://www.econbiz.de/10009126063
Using input–output data from Symmetric Input–Output Tables for the year 2010 and relevant price models, this paper … provides empirical estimations of medium- and long-run effects of wage and currency devaluations on international price … comparatively slow and inefficient process to improve international price competitiveness in the medium-run. …
Persistent link: https://www.econbiz.de/10012033513
The recent macroeconomic literature dealing with fiscal policy multipliers is dominated by applications of aggregate DSGE (Dynamic Stochastic General Equilibrium) models, whereas multi-sectoral models (econometric input-output or CGE) are absent. This paper contributes to the debate from a...
Persistent link: https://www.econbiz.de/10011710020
Persistent link: https://www.econbiz.de/10002748473
Persistent link: https://www.econbiz.de/10001522416