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monetary policy effectiveness for a developing country, namely India. We applied a non-linear VAR, which allows us to examine …
Persistent link: https://www.econbiz.de/10012306714
We document that inflation risk in the U.S. varies significantly over time and is often asymmetric. To analyze the … direction of inflation risks. We perform counterfactual analyses using a quantitative general equilibrium model to evaluate the … implications of incorporating real-time estimates of the balance of inflation risks into monetary policy communications and …
Persistent link: https://www.econbiz.de/10015339627
sustained reduction of the rate of inflation …
Persistent link: https://www.econbiz.de/10012980813
factors impact the inflation rate. This study delves into the complex relationship between budgetary shocks, economic … uncertainty, and inflation within the context of the Russian economy. The aim of this study is to unravel how budgetary decisions …, made amidst a globally uncertain economic environment, influence inflation dynamics. In other words, the objective of this …
Persistent link: https://www.econbiz.de/10015323449
way to come up with a measure of time-varying disaster risk in the spirit of Wachter (2013). Our findings imply that both … the disaster and the long-run risk paradigm can be extended towards explaining movements in the stock-bond return …
Persistent link: https://www.econbiz.de/10012000570
exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This … inflation expectations. …
Persistent link: https://www.econbiz.de/10012034114
. Adding inflation as a second variable, we uncover two states in which expected consumption growth is low, one with high and … one with negative expected inflation. Embedded in a general equilibrium asset pricing model with learning, these dynamics … alternative derivation for a measure of time-varying disaster risk suggested by Wachter (2013), implying that both the disaster …
Persistent link: https://www.econbiz.de/10012797771
Persistent link: https://www.econbiz.de/10012418608
all goods and track inflation. We then calculate nominal growth and its components. We find that per-captita real wealth …
Persistent link: https://www.econbiz.de/10010506281
We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed …'s Survey of Consumer Expectations over the period June 2013 to June 2018. The results show that inflation expectations were 0 …. Compared to inflation expectations in Democratic-dominated states, inflation expectations in Republican-dominated states …
Persistent link: https://www.econbiz.de/10012860297