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The study aims to estimate the short-term impact of the recent rounds of food price inflation and the COVID19 crisis by …. Notwithstanding rapid economic growth, the recent inflation episodes pose a major threat to nutrient intakes and nutrition security … impacts of economic contraction. Ameliorating the impact of price increases during inflation episodes should assume priority …
Persistent link: https://www.econbiz.de/10014476103
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper …
Persistent link: https://www.econbiz.de/10005825934
The weakness of the euro has been surprising given the widely-held expectation that it would be a strong currency. This paper critically examines explanations for the slide in the euro, finding that many are questionable on conceptual or empirical grounds. Two explanations are instead advanced...
Persistent link: https://www.econbiz.de/10005825992
This paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework; public and external debt,...
Persistent link: https://www.econbiz.de/10005768779
. When the credibility of policymakers’ commitment to low inflation is firm, some degree of dirty floating, with little or no …
Persistent link: https://www.econbiz.de/10005769010
considers inflation targeting in a small open economy. This economy is characterized by imperfect competition and short … inflation targeting on output and inflation volatility depend crucially on the exchange rate regime and the inflation index … nominal shocks the reverse is true. Second, domestically generated inflation targeting is preferable to CPI inflation …
Persistent link: https://www.econbiz.de/10005769155
This paper develops a small open economy dynamic stochastic general-equilibrium model with macrofinancial linkages. The model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign currency debt--to assess the importance of...
Persistent link: https://www.econbiz.de/10008519498
, the effects on inflation and output volatility in the event of demand and cost-push shocks are minimal. Financially …
Persistent link: https://www.econbiz.de/10008540934
Reconciling the high frequency of price changes at the micro level and their apparent rigidity at the aggregate level has been the subject of considerable debate in macroeconomics recently. In this paper I show that incorporating production chains in a standard New- Keynesian model replicates...
Persistent link: https://www.econbiz.de/10008470410