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This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countries, using a structural Vector Autoregression approach. Its mains results can be summarized as follows; 1) The effects of fiscal policy on GDP and its components have become substantially weaker in...
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provision of only a partial inflation-exclusion to assets for which it is feasible. The problem is examined in this paper by … means of a simple model of anticipated inflation, in which individuals may invest either in assets for which full or partial … inflation-exclusion is provided, or in cash, for which no loss offset is allowed. Among other issues, we shall examine the short …
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and forecasting performance of the equations are compared to rival inflation models and official OECD projections ... …
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We examine the consumer price inflation experiences of Australian households across the income distribution using … – 2018, we find that the lowest income households have experienced the largest inflation and those at the top have … experienced the least inflation. These differences in inflation experience are completely driven by alcohol and tobacco. When we …
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