Showing 1 - 10 of 26,461
This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a novel way to identify markup shocks based on meetings of...
Persistent link: https://www.econbiz.de/10014118702
(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for …-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of … distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity. …
Persistent link: https://www.econbiz.de/10013552597
This chapter explains how the generation of renewable energy and the creation of sustainable communities can guide capitalism to survive climate change on a self-reinforcing basis. The process depends upon introducing an ecological “use it or lose it” rule for owning money, land, buildings...
Persistent link: https://www.econbiz.de/10012945816
This paper explores the theoretical channels by which financial crises might have an impact on long-run growth. By exploiting occasionally binding financial constraints, we produce a model that generates endogenous crisis episodes featuring permanent falls in productivity, without generating...
Persistent link: https://www.econbiz.de/10012956677
inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …
Persistent link: https://www.econbiz.de/10012799838
In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … inflation in individual countries of the European Union. To find the determinants of inflation, we employ the Granger causality … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other …
Persistent link: https://www.econbiz.de/10014464251
) models, with and without financial frictions, for output growth and inflation in the period 1992 to 2011. We find strong …
Persistent link: https://www.econbiz.de/10010414783
We analyze the effects of world wars on the macroeconomic dynamics of the U.S., France, Germany, and the UK, by means of an estimated open-economy model. The model allows wars to affect the economy through capital depreciation, sovereign default, a military draft, household preferences, and...
Persistent link: https://www.econbiz.de/10012963064
) models, with and without financial frictions, for output growth and inflation in the period 1992 to 2011. We find strong …
Persistent link: https://www.econbiz.de/10013044329
for output growth and inflation from 1992 to 2011. We find strong evidence of time variation in the pool's weights …
Persistent link: https://www.econbiz.de/10013046125