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rejected for the floating exchange rate period from 1984 to 1991 when inflation was high and not specifically targeted by the …
Persistent link: https://www.econbiz.de/10005660716
inflation for the countries belonging to the Gulf Cooperation Council using quarterly observations from 1998:1 to 2009:4. The … stock price is seen to have a positive and significant effect on CPI inflation only in the case of Qatar and Oman. Domestic … credit comes out as an important determinant of inflation in the GCC countries. Oil price increases affect inflation …
Persistent link: https://www.econbiz.de/10013032523
with a lower inflation rate which conflicts with the need to maintain liquidity in a repressed economy. By examining the … inflation-growth relationship, this study examines whether there is any room for inflating the economy. This would ease the … stalled by prematurely tightening monetary policy. The study finds a two-way relationship between inflation and growth; but …
Persistent link: https://www.econbiz.de/10011213185
The downfall of Keynesian economics resulted from it being blamed for the inflation of the 1970s. In part this is … because it had an inadequate theory of what caused inflation, having relied too heavily on the Phillips curve -- an idea found … nowhere in Keynes' writings. In fact, Keynes was very clear that deficits caused inflation and budget surpluses were the cure …
Persistent link: https://www.econbiz.de/10012983122
coordinated wage bargaining systems have a dampening impact on inflation volatility. …
Persistent link: https://www.econbiz.de/10011605051
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …
Persistent link: https://www.econbiz.de/10013168711
inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …
Persistent link: https://www.econbiz.de/10012799838
Empirical evidence suggests that considerable differentials in inflation rates exist across households. This paper … investigates how central banks should react to household inflation heterogeneity in a tractable New Keynesian model. We include two … households that differ in their consumer price inflation rates after adverse shocks. The central bank reacts to either an average …
Persistent link: https://www.econbiz.de/10012803661
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012254362