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particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …
Persistent link: https://www.econbiz.de/10013198396
This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high … global energy prices (in dollars). Our counterfactual analysis demonstrates that both effects are present, but the latter …
Persistent link: https://www.econbiz.de/10014230113
frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …
Persistent link: https://www.econbiz.de/10014465997
We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10010529885
This paper studies the effects of country-specific energy prices on food consumer price inflation (CPI) within a cross … 1994 to the end of 2021. We find that energy CPI inflation has a significantly positive effect on food CPI inflation, after … inflation expectations, global food commodity prices and core CPI inflation. We also find that the effect of energy CPI …
Persistent link: https://www.econbiz.de/10015204019
, the most preferable regime for Belarus is a flexible inflation targeting. In transforming the economy and political system …
Persistent link: https://www.econbiz.de/10015415373
movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …
Persistent link: https://www.econbiz.de/10012206373
The annual inflation rate in Sri Lanka accelerated to record levels in recent years, especially after the COVID-19 … pandemic. Though the inflation rate had declined to pre-pandemic levels by mid-2024, it is of great importance to identify the … inflation in Sri Lanka using a structural vector autoregressive model and a multiple regression model. The study assesses both …
Persistent link: https://www.econbiz.de/10015409975
. Evidence shows a high correlation between money growth and general price inflation for Japan from 1980 to 2022, supporting the … view that inflation is a monetary phenomenon. The paper argues that Japan’s inflation has remained low since the 1990s …
Persistent link: https://www.econbiz.de/10015125281
What are the effects of a higher central bank inflation target on the burden of real public debt? Several recent … proposals have suggested that even a moderate increase in the inflation target can have a pronounced effect on real public debt … inflation target. We find that moderate changes in the inflation target only have significant effects on real public debt if …
Persistent link: https://www.econbiz.de/10010311860