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Der Zusammenhang von Entwicklungsperspektiven und den Auswirkungen der transnationalen Organisierten Kriminalität (OK) ist in den letzten Jahren in Deutschland wie auf internationaler Ebene zunehmend in den Fokus gerückt. Dabei richtet sich der Blick besonders auf fragile und von Konflikten...
Persistent link: https://www.econbiz.de/10013178742
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
The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface...
Persistent link: https://www.econbiz.de/10011606280
This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the … economies generally focused on exogenous approaches of determining optimal inflation which impose a sharp and most often linear … behaviour on the threshold level of inflation. This paper contributes to the policy debate on the inflationgrowth nexus by …
Persistent link: https://www.econbiz.de/10014560171
While previous studies have explored the relationship between inflation and economic growth, the existing literature on … threshold effect of inflation on economic growth in the West African Monetary Zone (WAMZ) predominantly assumes a linear … the variation in inflation rates across countries and over time to identify endogenously the threshold inflation level …
Persistent link: https://www.econbiz.de/10014560179
In light of the failed negotiations with Greece, Jan Krahnen argues that an effective reform agenda for Greece can only be designed by the elected government. Fundamental reforms will take time to take full effect and euro area member states will, in the meantime, have to offer Greece a basic...
Persistent link: https://www.econbiz.de/10011288355
Mit Blick auf die gescheiterten Verhandlungen mit Griechenland, argumentiert Jan Krahnen im vorliegenden Policy Beitrag, dass eine zielführende Reformagenda nur von der gewählten Regierung Griechenlands formuliert werden kann. Die Euro-Staaten müssten Griechenland für die Zeitdauer einer...
Persistent link: https://www.econbiz.de/10011288356
-oil commodity export prices – displayed somewhat lower growth. For most WCA economies, inflation rates appear less affected by …
Persistent link: https://www.econbiz.de/10011606212
Ausgleich von Preisschocks durchsetzt, zu hoher Inflation und letztlich zu harter restriktiver Geldpolitik mit Arbeitslosigkeit … Preisniveauschocks abmildert und die realen Nachfrageausfälle, die mit dem Schock verbunden sind, ausgleicht. Die Geldpolitik sollte in … side of capital. The experience of the inflation wave and oil price shocks of the 1970s shows that a wage policy that …
Persistent link: https://www.econbiz.de/10014331142
monetary framework based on inflation targeting, containing input variables that are relative to the corresponding variables in … the common currency area. The policy rule is tested empirically for three inflation targeting countries converging to the … monetary policies among these euro-candidates. The Czech inflation targeting is forwardlooking relying on a sensible balance …
Persistent link: https://www.econbiz.de/10011430801