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influenced the persistent inflation in Romania, and a VAR model for the impulse analyses. The purpose of the paper is to present … and the impact of external shocks (such as international price of oil) on the development of inflation. …This paper is organized in two parts, an overview of the evolution of inflation, highlighting the factors that …
Persistent link: https://www.econbiz.de/10005827603
international oil price, on the future inflation in Romania. …This paper is organized in two parts, the presentation of the model of inflation for Romania, and the results of … simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of the changes in …
Persistent link: https://www.econbiz.de/10005772666
, highlighting the stages of the persistent inflation in Romania, and a model of Romanian inflation using VAR methodology. The …This paper is organized in three parts: a discussion of general issues, an overview of evolution of inflation … purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in …
Persistent link: https://www.econbiz.de/10005827628
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
The paper intends to present synthetically the main approaches to computing core inflation, taking into consideration … the importance of core inflation for conducting monetary policy. At the same time, the paper computes different measures … of core inflation using methods based on excluding certain categories of prices from overall inflation rate and methods …
Persistent link: https://www.econbiz.de/10005827622
of different core inflation measurements. As a consequence, the paper starts by synthetically presenting the main … approaches to computing core inflation. We continue by analyzing the concept of bounded rationality and cognitive biases and … inflation using methods based on excluding certain categories of prices from overall inflation rate and methods based on …
Persistent link: https://www.econbiz.de/10005797720
volatility of the aggregated price index. From the methodological perspective, the paper analyzes the implications of the … hypotheses of five main methods for calculating core inflation with respect to the persistent and non-persistent changes in …
Persistent link: https://www.econbiz.de/10008492984
notably with the pandemic. In a VAR, allowing the errors to have a distribution with fatter tails than the Gaussian one equips … the model to better deal with the COVID-19 shock. A standard Gaussian VAR can still be used for producing conditional …
Persistent link: https://www.econbiz.de/10012605254
notably with the pandemic. In a VAR, allowing the errors to have a distribution with fatter tails than the Gaussian one equips … the model to better deal with the COVID-19 shock. A standard Gaussian VAR can still be used for producing conditional …
Persistent link: https://www.econbiz.de/10012519429
We study the inflation uncertainty reported by individual forecasters in the Survey of Professional Forecasters 1969 … reproduce survey measures of uncertainty. The results show that disagreement is a better proxy of inflation uncertainty than … what previous literature has indicated, and that forecasters underestimate inflation uncertainty. We obtain similar results …
Persistent link: https://www.econbiz.de/10005649488