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offizielle Inflation deshalb auf Basis eines statistischen Preisindex (SP) berechnet werden. Bei der Suche nach geeigneten SPs …
Persistent link: https://www.econbiz.de/10005837638
Deflation counts among the worst things that could happen to an economy, the conventional wisdom tells us. But are falling prices really that bad? According to the Austrian School of Economics, this is not necessarily the case. A distinction is commonly made between (1) growth, (2)...
Persistent link: https://www.econbiz.de/10005419166
In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.
Persistent link: https://www.econbiz.de/10005808110
heteroscedasticity and panel fixed effects) to estimate the effect of inflation targeting on inflation. Generally, it finds the effect is …
Persistent link: https://www.econbiz.de/10011149898
This paper analyzes the domestic and external inflation determinants for eight non-eurozone new EU member states (NMS … inflation determinants. This paper aims to fill this gap and add to the literature by several methodological and empirical … inflation into its domestic and foreign component via historical decomposition analysis. Results indicate that foreign shocks …
Persistent link: https://www.econbiz.de/10011006971
The article provides estimates of short-run and medium-run exchange rate pass-through in Russia during the period of 2000—2012 using vector error correction model. Estimates of asymmetry of exchange rate pass-through, its assessments in different sub-periods and exchange rate volatility effect...
Persistent link: https://www.econbiz.de/10011007725
inflation-targeting regimes that deserves more attention is reformulating their targets explicitly in terms of core inflation …. Core inflation targeting has a better theoretical grounding from both welfare economics and business cycle perspectives …, holds practical advantages for inflation-targeting central banks, and has the promising feature of improving the frankness …
Persistent link: https://www.econbiz.de/10011007866
The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10011255197
In this paper we develop and estimate a behavioral model of inflation dynamics with monopolistic competition, staggered … naive. Fundamentalists are forward-looking in the sense that they believe in a present-value relationship between inflation … forecast future inflation. Agents are allowed to switch between these different forecasting strategies conditional on their …
Persistent link: https://www.econbiz.de/10011256332
Inflation has been the major global economic problem for most economies throughout the world over the last three … money. According to this hypothesis, inflation results solely from a maintained expansion of the money stock at rates in … causes inflation. In fact, this finding supports Darrat’s (1986) finding that money causes inflation in Morocco and Tunisia …
Persistent link: https://www.econbiz.de/10011258231