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all goods and track inflation. We then calculate nominal growth and its components. We find that per-captita real wealth …
Persistent link: https://www.econbiz.de/10010506281
. 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
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013257642
increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …
Persistent link: https://www.econbiz.de/10014582674
all goods and track inflation. We then calculate nominal growth and its components. We find that per-captita real wealth …
Persistent link: https://www.econbiz.de/10011406338
. 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/10011784602
.This was a period of very low inflation.The rate of growth in the aggregate price level was occasionally very close to zero ….The paper shows that declining nominal prices were a rather common phenomenon during this period of low or no inflation … for looking at the composition of inflation and illustrating how relative price dynamics interact with changes in the …
Persistent link: https://www.econbiz.de/10012147926
Persistent link: https://www.econbiz.de/10010905529
According to the quantitative theory of money, an expansion of the money supply leads both to a decrease of interest rates and an increase of the general level of good prices. This negative correlation expected between these two variables being contradicted by the positive correlation observed...
Persistent link: https://www.econbiz.de/10005078953
household. In other words, the aggregate consumer price index is usually not a perfect indicator of the inflation experience of … individual households. The extent to which household-specific inflation rates diverge from headline inflation generally depends … groupspecific consumer price indices across Austrian households, we construct group-specific inflation rates for the period from …
Persistent link: https://www.econbiz.de/10005669120