Showing 71 - 80 of 142,061
We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches … displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to …
Persistent link: https://www.econbiz.de/10015051935
Was the episode of high inflation in the Philippines in 2022 driven primarily by supply or demand factors? How did the … Shapiro (2023) to disaggregate Philippine inflation into supply and demand components from 2001 to 2024. I find that supply … factors were the more significant reason for the pandemic-era spike in inflation, consistent with recent studies. More …
Persistent link: https://www.econbiz.de/10015069556
policy to U.S. inflation over the December 2019-June 2022 period. Model calibrations show that aggregate demand shocks … explain roughly two-thirds of total model-based inflation, and that the fiscal stimulus contributed half or more of the total …
Persistent link: https://www.econbiz.de/10014302772
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … inflation in the countries studied during the above period were unidirectional. To verify this hypothesis, two basic research …
Persistent link: https://www.econbiz.de/10015063564
Empirical evidence suggests that considerable differentials in inflation rates exist across households. This paper … investigates how central banks should react to household inflation heterogeneity in a tractable New Keynesian model. We include two … households that differ in their consumer price inflation rates after adverse shocks. The central bank reacts to either an average …
Persistent link: https://www.econbiz.de/10012803661
, consistent with the evidence, increases with inflation. Because we assume that firms sell multiple products and choose how many … inflation accelerator-a feedback loop between inflation and the fraction of price changes-that significantly increases the slope … of the Phillips curve during periods of high inflation. Applied to the U.S. time series, our model predicts that the …
Persistent link: https://www.econbiz.de/10015080998
-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the …
Persistent link: https://www.econbiz.de/10015081014
fraction of price changes increases with inflation. In addition, in the presence of strategic complementarities, they predict …
Persistent link: https://www.econbiz.de/10015081018
This paper examines the drivers of the post-pandemic surge in inflation in four small open economies: Czechia, Hungary … significantly to inflation in the post-2020 period across countries, alongside notable contributions from domestic factors …, while monetary policy shocks have had a minimal impact on inflation since 2022 in all the countries considered. Additionally …
Persistent link: https://www.econbiz.de/10015075531
The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...
Persistent link: https://www.econbiz.de/10011760593