Showing 66,861 - 66,870 of 67,224
Abstract: We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship … inflation experience an increase in the dollarization of household deposits and a decrease in the dollarization of (long …-term) household credit. The negative impact of inflation on credit dollarization is weaker in regions with less-integrated banking …
Persistent link: https://www.econbiz.de/10011092469
reject PPP. We find that PPP cointegrates with inflation differentials. We also find, contrary to conventional wisdom, that … (i) equilibrium adjustment occurs between the German and UK inflation rates, while weak exogeneity exists for the German …
Persistent link: https://www.econbiz.de/10010980366
In einer Währungsunion sind Inflationsdifferenzen zwischen den Mitgliedsländern gleichbedeutend mit Veränderungen des realen Wechselkurses. Dies mag erklären, warum in jüngerer Vergangenheit die Inflationsdifferenzen innerhalb der Europäischen Währungsunion verstärkte Aufmerksamkeit in...
Persistent link: https://www.econbiz.de/10010980774
This paper uses monthly survey data for the G7 countries for the time period 1989 - 2007 to explore the link between expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips curve. Three major findings stand out: First, we...
Persistent link: https://www.econbiz.de/10010980785
The standard two-sector monetary business cycle model suffers from an important deficiency. Since durable good prices are more flexible than non-durable good prices, optimising households build up the stock of durable goods at low cost after a monetary contraction. Consequently, sectoral outputs...
Persistent link: https://www.econbiz.de/10010982127
sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further … role in addition to the sector-specific factors, emphasising heterogeneity of inflation dynamics along different dimensions …
Persistent link: https://www.econbiz.de/10010982201
We run out-of-sample forecasts for the inflation rate of 15 euro-zone countries using a NAIRU Phillips curve and a …
Persistent link: https://www.econbiz.de/10010984050
In einer im Mai 2010 von der Wirtschaftsfördergesellschaft Vorpommern mbH (WFG) in Zusammenarbeit mit kreislichen und städtischen Wirtschaftsförderern sowie der Fachhochschule Stralsund, Fachbereich Wirtschaft, durchgeführten branchenübergreifenden Unternehmensbefragung zur Zufriedenheit...
Persistent link: https://www.econbiz.de/10010984592
analyze China's role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation …
Persistent link: https://www.econbiz.de/10010984723
We provide empirical evidence on the relevance of systemic risk through the interbank lending channel. We adapt a spatial probit model that allows for correlated error terms in the cross-sectional variation that depend on the measured network connections of the banks. The latter are in our...
Persistent link: https://www.econbiz.de/10010984724