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Inflation has fallen dramatically in countries like Spain and Italy over the last decade, but the rate of increase in … productivity trends for the consistency of the Maastricht convergence criteria an for the differences in nation inflation rates …
Persistent link: https://www.econbiz.de/10005774259
This paper examines the determinants of inflation in Uganda. High inflation, an economic virus of the Ugandan economy …
Persistent link: https://www.econbiz.de/10005779592
their impact on the economy in the conditions of a functioning currency board. It also reveals the inflation tendencies in … 1997-1999. The different factors classification is based on the chronology of their influence over the inflation …
Persistent link: https://www.econbiz.de/10008493390
economic growth and employment. Fiscal institutions , however, often use inflation in order to derive revenues (seigniorage …) and finance budget deficits. Hence, inflation is viewed as a public finance phenomenon (Barro, 1979; Mankiw, 1987; Grilli … between government budget problems, fluctuations of monetary variables and inflation dynamics in different monetary episodes. …
Persistent link: https://www.econbiz.de/10008472291
Ethiopia has experienced a historically unprecedented increase in inflation, mainly driven by cereal price inflation … models to identify the relative importance of several factors contributing to overall inflation and its three major … supply shocks and inflation inertia strongly affect domestic inflation, causing large deviations from long-run price trends …
Persistent link: https://www.econbiz.de/10005004400
We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...
Persistent link: https://www.econbiz.de/10005097807
This paper attempts to identify and isolate the channels by which inflation shocks effect the predictable returns … available from currency speculation. We apply a general no--arbitrage based model to decompose the risk premium into inflation … inflation risk or the relationship between inflation and real risks. Our results imply that for monetary policy to have …
Persistent link: https://www.econbiz.de/10005102292
model, the estimated pass-through –namely the impact of devaluation on inflation– ranges between 9-11% in the short run and …
Persistent link: https://www.econbiz.de/10005687661
Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...
Persistent link: https://www.econbiz.de/10005443342
the way in which nominal exchange rate affects inflation is asymmetric around it. Below the threshold, effect of change in … nominal exchange rate on inflation is statistically insignificant and above the threshold the effect is strong and significant. …
Persistent link: https://www.econbiz.de/10005536917