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This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...
Persistent link: https://www.econbiz.de/10008901483
This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...
Persistent link: https://www.econbiz.de/10013130602
. 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
Persistent link: https://www.econbiz.de/10014469049
Persistent link: https://www.econbiz.de/10001579458
Persistent link: https://www.econbiz.de/10014286799
activity and inflation and present new evidence, using both a relatively unrestricted factor-augmented vector autoregression … activity and inflation in recent decades as compared to the effects before 1980. Our analysis suggests that these shifts are …
Persistent link: https://www.econbiz.de/10014025672
Persistent link: https://www.econbiz.de/10010227956
Persistent link: https://www.econbiz.de/10011639895
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