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This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …
Persistent link: https://www.econbiz.de/10011606198
In Deutschland herrscht Angst vor Inflation. Als Gründe für die mehr oder minder unterschwelligen Befürchtungen werden … Inflation oder dadurch, dass der Staat seine Schulden nicht anerkennt und es zu einem Schuldenschnitt kommt. Von einem solchen …Inflation-"Angst" is currently widespread in Germany. The main reasons this more or less subliminal fear are the high …
Persistent link: https://www.econbiz.de/10010460631
Im Juni 2008 ist die Inflationsrate im Euroraum auf 4% und damit ihren höchsten Wert seit Beginn der Währungsunion gestiegen, ausgelöst durch den kräftigen Anstieg der Preise für Rohöl und Nahrungsmittel, der von recht dauerhafter Natur sein dürfte. Die Europäische Zentralbank (EZB) hat...
Persistent link: https://www.econbiz.de/10010278942
Most recent discussions of deflation seem to overlook the main dangers posed by a deflationary economy and appear to offer superficial solutions. In this brief, the authors argue that, barring drastic changes in asset and output prices, deflation itself is not the main problem, but rather the...
Persistent link: https://www.econbiz.de/10010280341
Persistent link: https://www.econbiz.de/10013375519
Ausgleich von Preisschocks durchsetzt, zu hoher Inflation und letztlich zu harter restriktiver Geldpolitik mit Arbeitslosigkeit … side of capital. The experience of the inflation wave and oil price shocks of the 1970s shows that a wage policy that … enforces full compensation of price shocks through higher wages leads to high inflation and ultimately to harsh restrictive …
Persistent link: https://www.econbiz.de/10014331142
transition countries, inflation has generally been higher and more volatile than in advanced economies. The analysis reveals that … the subindex housing/energy appears to be the main driving force behind overall inflation in the region. In most of the … increasing over time. Inflation volatility in south-eastern Europe is significantly higher than in the euro area. While this is …
Persistent link: https://www.econbiz.de/10011606209
Inflation-linked bond markets have experienced significant growth in recent years. This growth is somewhat surprising …, for inflation-linked bonds cannot be considered a financial innovation and their development has taken place in a period … of historically low global inflation and inflation expectations. In this context, the purpose of this paper is twofold …
Persistent link: https://www.econbiz.de/10011606214
expansion has added to inflationary pressure, and monetary policy has been constrained in tackling inflation as a result of …
Persistent link: https://www.econbiz.de/10011606256
impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …
Persistent link: https://www.econbiz.de/10011606265