Similar Search Results

Moretti, Laura; Onorante, Luca; Saber, Shayan Zakipour - 2019

We perform a robust estimation of the Phillips curve in the euro area using a battery of 630 theory-driven models. We extend the existing literature by adding model specifications, taking into account the uncertainty in the measurement of variables and testing for potential non-linearities and...

Persistent link: https://www.econbiz.de/10012030232

Two-country new Keynesian DSGE model : a small open economy as a limit case

Silveira, Marcos Antonio Coutinho da - 2015

We build a two-country version of the model in Gali & Monacelli (2005), which extends for a small open economy the new Keynesain DSGE model used as tool for monetary policy analysis in closed economies. A distinctive feature of the model is that the terms of trade enters directly into the new...

Persistent link: https://www.econbiz.de/10012038711

Inflation Persistence and Exchange Rate Regime: Implications for dynamic adjustment to shocks in a small open economy

Kuralbayeva, Karlygash - Oxford Centre for the Analysis of Resource-Rich … - 2011

The paper examines implications of inflation persistence for business cycle dynamics following terms of trade shock in a small oil producing economy, under inflation targeting and exchange rate targeting regimes. It is shown that due to the 'Walters critique' effect, the country's adjustment...

Persistent link: https://www.econbiz.de/10009275438

Inflation and Price Level Targeting in a New Keynesian Model

Chadha, J.S.; Nolan, Charles - Faculty of Economics, University of Cambridge - 2002

In a New Keynesian macroeconomic model under credible commitment, price level targeting dominates inflation targeting. But with sufficient inflation aversion the inflation targeting central bank can produce quantitatively similar results to one targeting the price level. The current degree of...

Persistent link: https://www.econbiz.de/10005650527

Inflation persistence: Implications for a design of monetary policy in a small open economy subject to external shocks

Kuralbayeva, Karlygash - Centro di Studi Internazionali Sull'Economia e la … - 2007

We analyze implications of in.ation persistence for business cycle dynamics following terms of trade and risk-premium shocks in a small open economy, under fixed and flexible exchange rate regimes. We show that the country's adjustment paths are slow and cyclical if there is a signi.cant...

Persistent link: https://www.econbiz.de/10005694998

New Paradigms in Monetary Theory and Policy?

Balling, Morten; Llewellyn, David T.; Orphanides, Athanasios - 2012

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...

Persistent link: https://www.econbiz.de/10011689952

Markups in Canada : have they changed and why?

Leung, Danny (contributor) - 2008

effects of increasing import competition and lower inflation on the markup. This paper offers evidence on the evolution of the … business sector markup has declined since the mid-1980s, and that import competition has made a statistically significant but …

Persistent link: https://www.econbiz.de/10003711671

New paradigms in monetary theory and policy?

Balling, Morten (ed.); Orphanides, Athanasios (ed.) - New Paradigms in Money and Finance? <Veranstaltung> …; … - 2012

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...

Persistent link: https://www.econbiz.de/10011711450

New Paradigms in Monetary Theory and Policy?

Haldane, Andrew G.; Coulibaly, Dramane; Kempf, Hubert; … - SUERF - The European Money and Finance Forum

Persistent link: https://www.econbiz.de/10009651458

Globalisation and Inflation in OECD Countries

Pehnelt, Gernot - 2007

- often referred to as globalisation - has been taking place. In this article, we analyse the effects of globalisation on … inflation in OECD countries. We theoretically outline different channels through which globalisation may have influenced … globalisation has contributed to the disinflation process in OECD countries since the 1980s. Inflation rates became much less prone …

Persistent link: https://www.econbiz.de/10010263812