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Forecasting UK GDP growth and inflation under structural change : a comparison of models with time-varying parameters
Barnett, Alina; Mumtaz, Haroon; Theodoridis, Konstantinos - In: International journal of forecasting 30 (2013) 1, pp. 129-143
Persistent link: https://www.econbiz.de/10010247002
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Macroeconomics, nonlinearities, and the business cycle
Reif, Magnus - 2019
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
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Testing for the effectiveness of inflation targeting in India : a Factor Augmented Vector Autoregression (FAVAR) approach
Jithin, P.; Suresh, Babu M. - In: Journal of central banking theory and practice 9 (2020) 3, pp. 163-182
monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …
Persistent link: https://www.econbiz.de/10012306865
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Impact of money supply in different states of inflation and economic growth in South Africa
Buthelezi, Eugene Msizi - In: Economies : open access journal 11 (2023) 2, pp. 1-22
This paper investigates the impact of the money supply in different states of inflation and economic growth in South … different states of inflation and economic growth. Moreover, the use of shock accounts for time-varying elasticity. It is found …, the money supply was insignificant. The money supply had a negative and a positive impact on inflation in states 1 and 2 …
Persistent link: https://www.econbiz.de/10014230763
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Does low inflation pose a risk to economic growth and central banks reputation?
Dąbrowski, Marek - 2020
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
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Trend growth, unemployment and optimal monetary policy
Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2015
We analyze the implications of changes in the trend growth rate for optimal monetary policy in the presence of search and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority, but that it interacts importantly with the inefficiencies...
Persistent link: https://www.econbiz.de/10011300631
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Output-Inflation Trade-offs and the Optimal Inflation Rate
Van Zandweghe, Willem - 2020
-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output … by increasing markups. We show that the aggregator reduces both the steady-state welfare cost of higher trend inflation … and the inflation-related weight in a model-based welfare function for higher trend inflation. Consequently, optimal trend …
Persistent link: https://www.econbiz.de/10012828858
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Shaping the future : policy shocks and the GDP growth distribution
Boire, François-Michel; Duprey, Thibaut; Ueberfeldt, … - 2021 - Last updated: May 25, 2021
We incorporate quantile regressions into a structural vector autoregression model to empirically assess how monetary and fiscal policy influence risks around future GDP growth. Using a panel of six developed countries, we find that both policy instruments affect the location of the distribution...
Persistent link: https://www.econbiz.de/10012522864
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Inflation Targeting Monetary Policy and Macroeconomic Performance : The Case of Middle-Income Countries
Fosu, Richard - 2020
The number of studies investigating the effects of inflation targeting (IT) on inflation and macroeconomic variables … effect and instrumental variable (IV) techniques to estimate the effect of IT on inflation and economic growth for a sample … of 40 middle-income countries. Generally, we find that the effects of IT on inflation is quantitatively large but …
Persistent link: https://www.econbiz.de/10014096880
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Price stability and debt sustainability under endogenous trend growth
Schmöller, Michaela; McClung, Nigel - 2024
inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
Persistent link: https://www.econbiz.de/10014457581