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Spain, instead, we find evidence that deviations from reference values influence inflation dynamics. We also finds a …
Persistent link: https://www.econbiz.de/10011204474
This paper develops a new index of economic uncertainty for South Africa for the period 1990-2014 and analyses the macroeconomic impact of changes in this measure. The index is constructed from three sources: (1) Disagreement among professional forecasters about macroeconomic conditions using...
Persistent link: https://www.econbiz.de/10011204514
This paper distinguishes different periods in the relationship between oil price shocks, economic growth, and inflation …, while there is no evidence of any influence of the latter on either GDP growth or inflation found. …
Persistent link: https://www.econbiz.de/10011204518
There are several theories about the causes of inflation but none of them is capable of explaining the phenomenon in … relative price distribution and tested for their relation with inflation. Later we used a modified Phillips curve, which … distribution: variance, skewness and a combination of both. We concluded that those variables helped explain inflation in Venezuela …
Persistent link: https://www.econbiz.de/10011204543
This paper aims to show why Irving Fisher’s own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher’s data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …
Persistent link: https://www.econbiz.de/10011205384
deduction, frequently used to compensate taxpayers for the effects of inflation and to promote economic growth. The government … turn would act to keep prices down and help suppress inflation. Congress has realized the importance of capital formation … to control inflation and thus, over time, has extended significant tax advantages to businesses through depreciation …
Persistent link: https://www.econbiz.de/10011205548
€™s inflation-targeting policy and a developed model with the exchange rate taken into account. Based on real-time quarterly …, Sveriges Riksbank, was not merely adjusting its repo rate in response to the changes in expected inflation and output … deviations. An approach that is known as one of a central bank’s classic regulation tools to deal with domestic inflation first …
Persistent link: https://www.econbiz.de/10011205761
petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of … could have only a modest disinflationary effect on U.S. inflation. However, if some fundamental factors, such as these … countries’ exchange rates, demand and wage change (i.e. increase), then the downward pressure on U.S. inflation will be …
Persistent link: https://www.econbiz.de/10011205841
In the current context of economic recovery and rebalancing, the necessity of modelling and estimating the potential output and output gap emerges in order to assess the quality and sustainability of economic growth, the monetary and fiscal policies, as well as the impact of business cycles....
Persistent link: https://www.econbiz.de/10011206957
inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro … inflation dynamics. Using a dynamic panel data framework based on an exchange rate pass-through model, we estimate the … factor, in determining the asymmetry in HICP inflation between core and periphery. The nominal effective exchange rate …
Persistent link: https://www.econbiz.de/10011206970