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and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s … information about future movements of US real output and inflation. Statistical evidence here provided thus suggests that the …
Persistent link: https://www.econbiz.de/10009767691
side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of … valuable information about future movements of U.S. inflation and real output. Statistical evidence suggests that the Friedman …
Persistent link: https://www.econbiz.de/10013133240
variance decomposition of US inflation. We also find that domestic currency has higher share of the forecast error variance …
Persistent link: https://www.econbiz.de/10013056801
This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United … States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries … changes on inflation expectations, and further provide a theoretical basis for the empirical results. We use data from 2010 to …
Persistent link: https://www.econbiz.de/10013289383
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011414902
and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s … information about future movements of US real output and inflation. Statistical evidence here provided thus suggests that the …
Persistent link: https://www.econbiz.de/10014123689
side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of … information about future movements of U.S. inflation and real output. Statistical evidence suggests that the Friedman …
Persistent link: https://www.econbiz.de/10014050819
This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time …
Persistent link: https://www.econbiz.de/10014337754
The Covid-19 Pandemic and policy response rattled the USTreasury markets. Conventional US Treasuries, inflation … yielded dis-torted inflation expectations estimates. Since the beginning of thepandemic, monetary policy kept nominal rates … larger wedge between nominal interest rates andreal interest rates in the inflation adjusted market. …
Persistent link: https://www.econbiz.de/10014500836
Standard accounts of the Great Depression attribute an important causal role to monetary policy errors in accounting for the catastrophic collapse in economic activity observed in the early 1930s. While views vary on the relative importance of money versus credit contraction in the propagation...
Persistent link: https://www.econbiz.de/10008901492