Showing 79,491 - 79,500 of 80,624
on inflation and based on these determinations to present the developments observed in the Romanian economy. Inflationary … generated by disfunction of macroeconomic variables. In this context we focus on how the unit cost of labor affects inflation …
Persistent link: https://www.econbiz.de/10008556695
inflation or to create conditions for economic growth (including ensuring stability in their financial and bank systems). The …
Persistent link: https://www.econbiz.de/10008556891
the course of the monetary aggregates seems to be endogenous as to the course of the inflation. Moreover, impulse …
Persistent link: https://www.econbiz.de/10008557086
In this paper we study the theoretical plausibility of the conjecture that inflation arises because imperfectly … inflation transmission. We compare these measures in several models of ICM and in perfectly competitive markets (PCM in the … seque!). In each case we find a necessary and sufficient condition for an ICM to transmit more inflation -according to the …
Persistent link: https://www.econbiz.de/10008557116
negative relations between asset returns and inflation are addressed. The generalized impulse response functions are adopted … negative relationship between stock prices and inflation. The level of real economic activity affects stock prices positively …
Persistent link: https://www.econbiz.de/10008642427
We use a general equilibrium model of a monetary economy to understand the economics behind the correlation between in nation and oil futures returns. Oil is used as both, an input to the production of capital and as a consumption good. We estimate our model using maximum likelihood with the...
Persistent link: https://www.econbiz.de/10008642618
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …
Persistent link: https://www.econbiz.de/10008642868
ongoing, inflation uncertainty seems to play a large role. Finally, while modern finance theory prices bonds and other assets …
Persistent link: https://www.econbiz.de/10008642882
This paper estimates a small New-Keynesian model with imperfect information and optimal discretionary policy using data for the euro area. The model is used to assess the usefulness of monetary aggregates and unit labour costs as information variables for monetary policy. The estimates reveal...
Persistent link: https://www.econbiz.de/10005113646
in output and inflation are due to changes in potential output or to cyclical demand and cost shocks. We refer to this … ndings provide a partial explanation for the inflation of the seventies and the price stability of the nineties. 3. A … during and following periods of large changes in potential output the IP significantly affects the dynamics of inflation and …
Persistent link: https://www.econbiz.de/10005113648