Showing 303,431 - 303,440 of 303,564
I provide evidence that portfolio equity inflows can have expansionary effects on GDP and inflation if not offset by …
Persistent link: https://www.econbiz.de/10014544452
Whittle estimation method, the research examines the longmemory properties of headline inflation through monthly data from … January 1996 to January 2023. The study expands upon existing knowledge of inflation persistence by exploring its changes and … the various patterns of inflation persistence in Europe. The findings reveal significant differences in the persistence of …
Persistent link: https://www.econbiz.de/10014544456
This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich environment. FAVAR model is used which consists of 115 macroeconomic variable for the period 1992:01 to 2010:12. Results depict that after a positive shock in interest rate (discount...
Persistent link: https://www.econbiz.de/10014544493
We develop an experimental framework to investigate the quantity theory of money and the real effects of inflation in … an economy where money serves as a medium of exchange. We test the classical view that inflation reduces output and … welfare by taxing monetary exchange. Inflation is engineered by constant money growth. We conduct three treatments, where the …
Persistent link: https://www.econbiz.de/10014544523
quantitatively study the positive and normative implications of employer-to-employer (EE) transitions for inflation. We find that EE … dynamics played an important role in shaping the differential inflation dynamics observed during the Great Recession and COVID …-19 recoveries, with the former exhibiting subdued EE transitions and inflation despite both episodes sharing similar …
Persistent link: https://www.econbiz.de/10014544535
Models of microeconomic consumption (including those used in heterogeneous-agent macroeconomic models) typically calibrate the size of income risk to match panel data on household income dynamics. But, for several reasons, what is measured as risk from such data may not correspond to the risk...
Persistent link: https://www.econbiz.de/10014544537
This paper studies the role of narratives for macroeconomic fluctuations. We micro-found narratives as directed acyclic graphs and show how exposure to different narratives can affect expectations in an otherwise standard macroeconomic model. We capture such competing narratives in news media's...
Persistent link: https://www.econbiz.de/10014544559
During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern Europe, where they caused serious macroeconomic and social problems with the spillover of the global financial crisis. Disregarding countries that joined the euro area, Hungary was...
Persistent link: https://www.econbiz.de/10014544586
developed economies to raise economic growth and inflation in the aftermath of the Global Financial Crisis. These programmes can …
Persistent link: https://www.econbiz.de/10014544613
Do financial constraints amplify or dampen the transmission of monetary policy to the real economy? To answer this question, we propose a simple empirical strategy that combines (i) firm-level employment and balance sheet data, (ii) identified monetary policy shocks and (iii) survey data on...
Persistent link: https://www.econbiz.de/10014544634