Showing 1 - 10 of 2,152
During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were increasing …
Persistent link: https://www.econbiz.de/10011292980
rate both matter for determining inflation and economic activity. …
Persistent link: https://www.econbiz.de/10012584354
autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output … shows no significant response to monetary policy while the inflation response is negative. The paper endogenously determines …
Persistent link: https://www.econbiz.de/10003950519
management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …
Persistent link: https://www.econbiz.de/10011409990
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach - VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …
Persistent link: https://www.econbiz.de/10011410030
During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … stable inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were …
Persistent link: https://www.econbiz.de/10011389401
consequence, inflation is less volatile and output is more volatile than under a non-robust policy. Under one particular timing …
Persistent link: https://www.econbiz.de/10012728917
Recent empirical evidence by Fair (2002,2005) and Giordani (2003) shows that a positive inflation shock with the … Synthesis' literature. This paper reconsiders the effects of inflation shocks in a simple New Keynesian framework extended to … include wealth effects. It is demonstrated that, following an inflation shock, the decline of output coupled with passive …
Persistent link: https://www.econbiz.de/10012733156
By providing numerical inflation projections. Many central banks currently face inflation well above their targets and … with that the challenge to prevent spillovers on inflation expectations. We study the effect of different communication … about the 2021 inflation surge on German consumers' inflation expectations using a randomized control trial. We show that …
Persistent link: https://www.econbiz.de/10012820929
Federation on the level of inflation using the structural autoregression model (SVAR). The results show significant inflation … 1%, inflation in the first month increases by 0.23%, and with an increase in the interbank lending rate by the same … amount, inflation increases by 0.125%. Inflation attenuation at the 90% level of significance occurs at 5 and 6 months …
Persistent link: https://www.econbiz.de/10012872129