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resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …
Persistent link: https://www.econbiz.de/10012529567
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …’s strategy in its struggle against low inflation, focusing in particular on the reasons that led it to adopt the interest rate …
Persistent link: https://www.econbiz.de/10012588241
Artículo de revista ; Global inflation rates have increased since early 2021, especially in the United States, where … there has been an upward surprise in recent months. Part of the US inflation increase is due to a statistical phenomenon … introduced in response to the pandemic; and third, a possible de-anchoring of medium-term inflation expectations. In any event …
Persistent link: https://www.econbiz.de/10014283484
a very prolonged period of low inflation, the Bank of Japan has been modifying its monetary policy strategy over the … yield curve control policy. Despite all these efforts, Japan has continued to experience persistently low inflation, with …
Persistent link: https://www.econbiz.de/10012588242
the Spanish economy. On the basis of these variables, composite indicators are calculated that proxy inflation … expectations, the degree of slack in the economy and other inflation pressures, domestic and external alike. On the information … analysed, the recent period of low inflation in the Spanish economy is estimated to have come about in a setting in which …
Persistent link: https://www.econbiz.de/10012532340
average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …
Persistent link: https://www.econbiz.de/10012670001
, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of inflation, with an effect that could be more persistent in the future. ; El reciente episodio …
Persistent link: https://www.econbiz.de/10014502631
, supply-side shocks (related to energy, food and bottlenecks) have played a major role in recent inflation developments in the … as a determinant of wage inflation, with a pass-through to prices that has been limited so far but that, if it …
Persistent link: https://www.econbiz.de/10014513238
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for … inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the … at all with either the inflation coefficient or our estimated turning point. With the middle income countries, we return …
Persistent link: https://www.econbiz.de/10009467896
This paper examines the question of whether inflation targeting monetary policy is an appropriate framework for sub …-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the regime, and … summarizes some major critiques. Monetary policy responses to inflation depend on the source of inflationary pressures. Therefore …
Persistent link: https://www.econbiz.de/10009468213