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that our "effective" approach is superior when it comes to assessing the impact of exchange rate regimes on inflation … trading partners. Using our measure of effective exchange rate regimes in a standard empirical analysis of inflation … associated with significantly lower inflation rates. This challenges the established view that soft pegs do not matter - or are …
Persistent link: https://www.econbiz.de/10012623086
We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass-through (60-75 percent) and faster convergence...
Persistent link: https://www.econbiz.de/10011301481
This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also...
Persistent link: https://www.econbiz.de/10010329380
Persistent link: https://www.econbiz.de/10014363700
Persistent link: https://www.econbiz.de/10014363712
We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the … robust for different estimators and financial development measures?suggest that inflation presented deleterious effects on … Brazil by high rates of inflation, have detrimental effects to financial development, a variable that is important for …
Persistent link: https://www.econbiz.de/10010296015
This paper analyzes the link between inflation and democracy in developing countries. In order to address the … positive causal relationship between inflation and democracy. It appears that democracy increases inflation because democracy …, Ghana, and Sri Lanka better illustrate the result relating to the relationship between inflation and democracy in my sample. …
Persistent link: https://www.econbiz.de/10010301455
We test the menu cost model of Ball and Mankiw (1994, 1995) on data from the inflation and deflation periods in Japan … during both inflation and deflation, is strongly supported. The data are less clear on, but does not reject, the hypothesis … that the parameter on the standard deviation changes sign between inflation and deflation periods. …
Persistent link: https://www.econbiz.de/10010305944
across the sample. Evidence in favour of a diminishing effect of oil price shocks on the output and inflation is found from … in the last part of the 1990s and, especially, for the CPI inflation in the 2000s. The most outstanding result is that … the oil price movements could explain at least some of the recent inflation, the main difference between these outcomes …
Persistent link: https://www.econbiz.de/10011332599
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the … demographic change and inflation dynamics. We are the first to formally disentangle the two components of demographic change …: population size and structure, and determine how they separately affect inflation. We find that changes in population size are a …
Persistent link: https://www.econbiz.de/10012099076