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The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …
Persistent link: https://www.econbiz.de/10015394329
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
The key to understanding the series of supply shocks that have hit inflation is the nature of the COVID-19 recession. …
Persistent link: https://www.econbiz.de/10013252686
Persistent link: https://www.econbiz.de/10011715915
for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …
Persistent link: https://www.econbiz.de/10012835155
Do extreme events have a significant effect about textual sentiment? The purpose of this article is to highlight the need to correct the estimation of indicators of economic uncertainty. The indicators were constructed from textual data about the perspective of extreme events. For this purpose,...
Persistent link: https://www.econbiz.de/10014281527
contributes to improve core inflation forecasts multiple quarters ahead. Other common textual analysis techniques, such as … valuable for out-of-sample forecasting even after controlling for the central bank inflation forecasts, which are an important …
Persistent link: https://www.econbiz.de/10015340280
bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …
Persistent link: https://www.econbiz.de/10011525911
. One major aim of this outreach is to guide inflation expectations; another is to ensure accountability and create trust … on the extent to which this new outreach does in fact affect inflation expectations and trust. On balance, we see some …
Persistent link: https://www.econbiz.de/10013329414
inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices …. Using a Phillips Curve framework we find a structural change after the collapse of Lehman Brothers when inflation …
Persistent link: https://www.econbiz.de/10012916305