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—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization …
Persistent link: https://www.econbiz.de/10014401125
non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …
Persistent link: https://www.econbiz.de/10014404073
weaker. Statistical relationships break down of the outset of high inflation …
Persistent link: https://www.econbiz.de/10014404088
higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience … scores seem to have contained the impact of these shocks better. The effect of the presence of inflation targeting regimes … inflation responds to international commodity price shocks …
Persistent link: https://www.econbiz.de/10014412153
, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …
Persistent link: https://www.econbiz.de/10014412156
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …
Persistent link: https://www.econbiz.de/10014411627
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …
Persistent link: https://www.econbiz.de/10014411635
are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open …-economy, New Keynsian Phillips curve, in which we control for imported inflation. Regression results suggest that falling food and … energy prices have been the main disinflationary driver. But low core inflation in the euro area has also had a clear and …
Persistent link: https://www.econbiz.de/10014411678
variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and … investment, and fiscal balances, from an empirical perspective. Based on empirical findings-particularly regarding inflation …
Persistent link: https://www.econbiz.de/10014411766
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10014411825