Showing 71 - 80 of 55,334
The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the … consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means …”, who developed the inflation/unemployment curve. After the emergence of the stagflation phenomenon, this relationship …
Persistent link: https://www.econbiz.de/10013246134
The paper integrates the two-pillar Phillips curve, which explains expected inflation by the money growth trend, within … distinguished from which one derives inflation expectations from money growth trend figures whereas the other builds rational … expectations by way of learning. The inspection of output and inflation variances show that a policy of reacting to excess money …
Persistent link: https://www.econbiz.de/10010206408
countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …
Persistent link: https://www.econbiz.de/10013319175
This paper presents evidence on the lag between monetary policy actions and the response of inflation in the euro area … regime thereafter. Results based on alternative definitions of inflation persistence support these findings, although, they … suggest that a drop in German inflation persistence and a shift in the mean of inflation - particularly in Italy and France …
Persistent link: https://www.econbiz.de/10013320116
The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the … consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means …”, who developed the inflation/unemployment curve. After the emergence of the stagflation phenomenon, this relationship …
Persistent link: https://www.econbiz.de/10012237424
Official statistics measuring the cost of living are known to suffer from several biases because they often do not accurately capture substitution patterns, product entry/exit, and preference shifts. In particular, the latter two biases have been shown to be large on average. This paper shows...
Persistent link: https://www.econbiz.de/10011967386
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011414902
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011415107
other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair … inflation outcomes …
Persistent link: https://www.econbiz.de/10011618478
in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate … positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances …
Persistent link: https://www.econbiz.de/10012505029