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movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …
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This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have...
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expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of …
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If the responses of wages - both private and public - and of pensions to an increase in inflation lead to second …
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. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …
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