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Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of...
Persistent link: https://www.econbiz.de/10009468735
Includes bibliographical references (p. 17).
Persistent link: https://www.econbiz.de/10009477671
During the question and answer session, Peter Drucker addresses the following: the aftermath of German inflation, age structure and savings rate, and placing people where their strengths can produce results. Irving Friedman adds that we have very little information and knowledge for making...
Persistent link: https://www.econbiz.de/10009429641
Este documento analiza la información contenida en medidas alternativas de expectativas de inflación —incluidas las obtenidas a partir de consumidores, empresas, expertos y mercados financieros—, en el contexto de curvas de Phillips de economía abierta. Adoptando una aproximación...
Persistent link: https://www.econbiz.de/10012523777
range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … synchronised across countries, especially in the euro area economies, reflecting their close economic and financial links and the … in advanced economies and especially in those of the euro area. …
Persistent link: https://www.econbiz.de/10012524475
La pendiente de la curva de Phillips se ha reducido en las últimas décadas. En este documento se desarrolla un modelo que racionaliza este fenómeno a partir del aumento del grado de polarización observado en muchas industrias, que ha supuesto que un reducido número de grandes empresas de...
Persistent link: https://www.econbiz.de/10012525509
Summary of Banco de España Working Paper no. 2106
Persistent link: https://www.econbiz.de/10012526623
En este documento se ofrece una panorámica de la evolución de la inflación a escala global en la última década y se trata de descubrir qué factores podrían explicar los niveles muy bajos de inflación durante la recuperación de la Gran Recesión. Se hace una revisión de la literatura...
Persistent link: https://www.econbiz.de/10012529567
The New Keynesian Phillips Curve (NKPC) is now the dominant model of inflation dynamics. In recent years, a large body of empirical research has documented price setting behaviour at the individual level, allowing the assessment of the micro foundations of pricing models. This paper analyses the...
Persistent link: https://www.econbiz.de/10012530184
Incluye bibliografía ; The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly constant inflation. This change has been more pronounced than elsewhere. We argue that this stems from the immigration boom in Spain over this period....
Persistent link: https://www.econbiz.de/10012530205