Showing 51 - 60 of 144,035
. Darüber beeinflusst Inflation über ihre Steuerwirkungen die Realwirtschaft und den Staatshaushalt. Nicht zuletzt wird seit … langer Zeit darüber diskutiert, ob Inflation die Beschäftigung, die konjunkturelle Gangart und die wirtschaftliche … Inflationserwartungen forciert die negativen ökonomischen und gesellschaftlichen Effekte der Inflation. …
Persistent link: https://www.econbiz.de/10013359212
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014463458
Inflation equals the product of two terms: the fraction of items with price changes (whose volatility figures … time-dependent pricing models). The variance of inflation over time can be decomposed into contributions from the variance … this decomposition for consumer price inflation from February 1988 through April 2003. We find that 90% of the variance of …
Persistent link: https://www.econbiz.de/10005132787
Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a … practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via …
Persistent link: https://www.econbiz.de/10005030257
different horizons. While the hypotheses considered are nonlinear, the proposed methods only require linear regression … of integrated processes, we propose extended regression methods that avoid nonstandard asymptotics. The methods are … régression linéaire de même que la théorie distributionnelle asymptotique gaussienne habituelle. Dans le cas des processus …
Persistent link: https://www.econbiz.de/10005100843
The concept of causality introduced by Wiener (1956) and Granger (1969) is defined in terms of predictability one period ahead. This concept can be generalized by considering causality at a given horizon h, and causality up to any given horizon h [Dufour and Renault (1998)]. This generalization...
Persistent link: https://www.econbiz.de/10005111024
. This reduces the level of nominal rigidities needed to obtain the estimated response of inflation to real marginal costs …
Persistent link: https://www.econbiz.de/10010754406
Economists and policymakers believe that households’ and firms’ expectations of future inflation are key determinants … of actual inflation. This paper applies the ARDL model and nonlinear ARDL model to long-term inflation-targeting policy … mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations …
Persistent link: https://www.econbiz.de/10014348155
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences … similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months …
Persistent link: https://www.econbiz.de/10014444241
downward by the projected rate of inflation and GDP growth so as to reflect the prospect of higher future returns because of … cash flow (DCF) method of valuation.First, these adjustments ignore the fact that returns from both inflation and growth … averages that include both inflation and growth. Thus, to subtract these components of the required rate of return from the …
Persistent link: https://www.econbiz.de/10012995998