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adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …
Persistent link: https://www.econbiz.de/10012774248
We use Bayesian additive regression trees to reexamine the efficiency of growth and inflation forecasts for Germany. To …-term growth and longer-term inflation forecasts. We cannot reject weak efficiency of short-term growth and inflation forecasts. We …
Persistent link: https://www.econbiz.de/10012822387
could counteract its impact on global growth and inflation, the drop in oil prices will pose significant challenges for …
Persistent link: https://www.econbiz.de/10013020214
product (GDP) growth rate and the consumer price index (CPI) inflation rate, in three countries, the People's Republic of … economy. On the other hand, however, the impact of oil price fluctuations on the People's Republic of China's inflation rate …
Persistent link: https://www.econbiz.de/10011374641
monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …
Persistent link: https://www.econbiz.de/10012210632
Persistent link: https://www.econbiz.de/10013287812
Persistent link: https://www.econbiz.de/10013188372
Potential output growth around the world slowed over the past two decades. This slowdown is expected to continue in the …
Persistent link: https://www.econbiz.de/10014250772
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the … maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the …
Persistent link: https://www.econbiz.de/10014282834
We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. We analytically compare expectations-driven stagnation to a secular stagnation episode and find contrasting policy implications for changes in government spending, supply shocks and...
Persistent link: https://www.econbiz.de/10012004630