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the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe … and the former Soviet Union. These experiences are then compared to those of high inflation market economies. The paper … concludes that, despite significant differences in the economic structure and institutional framework, the inflation and …
Persistent link: https://www.econbiz.de/10014398765
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average markups along with monetary policy play a role in the transmission of household uncertainty to inflation. These …I construct a novel measure of household uncertainty based on survey data for European countries. I show that household … uncertainty shocks do not universally behave like negative demand shocks. Notably, household uncertainty shocks are largely …
Persistent link: https://www.econbiz.de/10012818726
role in the transmission of household uncertainty to inflation. I develop an Overlapping Generations New Keynesian model …I construct a novel measure of household uncertainty based on survey data for European countries. I show that household … uncertainty shocks are not universally like negative demand shocks. Notably, household uncertainty shocks are largely inflationary …
Persistent link: https://www.econbiz.de/10012208130
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ranges. We provide a new measure of the uncertainty implicit in such probabilities. The measure has several advantages over …
Persistent link: https://www.econbiz.de/10012153653
A large number of measures for monitoring risk and uncertainty surrounding macroeconomic and financial outcomes have … researchers in their analyses. However, risk and uncertainty measures differ across multiple dimensions, including the method of … calculated. Therefore, in this paper, we review the literature on global risk, uncertainty, and volatility measures drawing on …
Persistent link: https://www.econbiz.de/10011780277
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connection between heightened uncertainty, higher core inflation, and increased profits. …This paper aims to explore the impact of rising uncertainty on prices using micro-data on prices and multi-sector new … Keynesian models. We identify diverse price responses to increasing macroeconomic uncertainty: goods with relatively flexible …
Persistent link: https://www.econbiz.de/10014320533
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