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, economic growth has been largely consistent under different leaderships, and inflation and unemployment tend to be low during …
Persistent link: https://www.econbiz.de/10014847533
investigate the relationship between the equity premium and inflation. Findings – This paper shows that the equity premium over … the past 132 years has been significantly positively related to the rate of inflation and, therefore, has resulted in an … performance of bonds and stocks during inflationary periods. The relatively poor performance of bonds during periods of inflation …
Persistent link: https://www.econbiz.de/10014863122
output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government …
Persistent link: https://www.econbiz.de/10014863126
school should be followed in these three Middle Eastern countries, in order to curb inflation. Originality/value – The paper …
Persistent link: https://www.econbiz.de/10014863131
Purpose – The purpose of this paper is to analyze the time‐inconsistency problem between inflation and unemployment …. Then the modified Barro‐Gordon model's constraint is applied to the detrended inflation and unemployment rate. Findings … – The results of this study suggest that both inflation and unemployment series are not stationary and they include the unit …
Persistent link: https://www.econbiz.de/10014863150
on accountability, inflation average, output gap, interest and central bank credibility. Findings – The results … highlighted that central banks with greater transparency contribute to decrease inflation rate and interest rate. The findings …
Persistent link: https://www.econbiz.de/10014863157
Purpose – The purpose of this paper is to extend the literature on the relationship between inflation and inflation …‐GARCH models are used to estimate inflation uncertainty along with Granger‐causality tests to infer the relationship between … inflation and inflation uncertainty. Findings – The results reveal that both the Bahamas and Jamaica exhibit a high degree of …
Persistent link: https://www.econbiz.de/10014863186
Purpose – This article aims to analyze if the adoption of inflation targeting in Brazil contributed to an improvement … in the conduction of monetary policy capable of increasing credibility and reducing inflation without an increase in the … methods, the offsetting effects of a monetary policy change on the output‐inflation and unemployment‐inflation trade …
Persistent link: https://www.econbiz.de/10014863192
Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that … have adopted an inflation‐targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey …'s structural time series model to analyse the impact of inflation targeting on inflation, using quarterly observations. This …
Persistent link: https://www.econbiz.de/10014863202
Purpose – The purpose of this paper is to examine the effects of inflation uncertainty on real economic activity using … show that inflation uncertainty has differential effects on output growth across these countries. Originality/value – In …
Persistent link: https://www.econbiz.de/10014863222