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Financial stability risks have increased rapidly as the resilience of the global financial system has faced a number of tests. Recent turmoil in the banking sector is a powerful reminder of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup...
Persistent link: https://www.econbiz.de/10015057889
. China's recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall to 6 …
Persistent link: https://www.econbiz.de/10015057890
impacts of indexation on fiscal outcomes during episodes of inflation surprises; and an analysis of the association between … the overall degree of indexation combining the four budget items and inflation persistence …
Persistent link: https://www.econbiz.de/10015058808
The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation … Germany, we document how consumption patterns changed and we quantify the resulting inflation bias. We find that consumers … experienced a higher level of inflation at the beginning of the pandemic than what a fixed-weight inflation (or the official …
Persistent link: https://www.econbiz.de/10015060051
We study the link between central bank independence and inflation by providing narrative and empiricial evidence based …, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It … took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social …
Persistent link: https://www.econbiz.de/10015060099
High and volatile inflation has been an endemic economic and social issue in Iran that has contributed to rising … poverty and social tensions. For policymakers to effectively address the inflation problem, it is critical to understand its … long-term determinants of inflation in Iran over the past two decades and identify policy options to curb it. Using …
Persistent link: https://www.econbiz.de/10015060119
The pass-through effects of oil price shocks on wage and consumer price inflation vary with the states or structural … advanced economies. The pass-through to wages is found to have been higher when the prevailing level of inflation was higher or … policy. The effects of oil price shocks on core inflation and inflation expectations are consistent with their effects on …
Persistent link: https://www.econbiz.de/10015060129
The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper contributes to the literature by providing a granular investigation of inflation persistence … at the city level in Lithuania during the period 2000-2021, as well as a comparison of inflation persistence at the …
Persistent link: https://www.econbiz.de/10015060140
The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper provides a spatial investigation of inflation synchronicity at the city level in Lithuania … co-movement of city-level inflation rates-estimated using the instantaneous quasi-correlation approach-is significantly …
Persistent link: https://www.econbiz.de/10015060142
Inflation has been rising during the pandemic against supply chain disruptions and a multi-year boom in global owner …-occupied house prices. We present some stylized facts pointing to house prices as a leading indicator of headline inflation in the U … inflation in two housing components (rent and owner-occupied housing cost) of the headline inflation and draw tentative …
Persistent link: https://www.econbiz.de/10015060221