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This paper extends the existing literature on the open economy New Keynesian Phillips Curve by incorporating three different factors of production, domestic labor and imported as well as domestically produced intermediate goods, into a general model which nests existing closed economy and open...
Persistent link: https://www.econbiz.de/10013318511
maker: It produces more accurate forecasts of inflation and more precise estimates of the NAIRU …
Persistent link: https://www.econbiz.de/10013318785
Persistent link: https://www.econbiz.de/10010422146
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Well-anchored inflation expectations have become a key indicator for the credibility of a central bank’s inflation … target. Since the outbreak of the recent financial crisis, the existence and the degree of de-anchoring of U.S. inflation … degree of U.S. inflation expectations anchoring. We confirm that inflation expectations have been partially de …
Persistent link: https://www.econbiz.de/10010529337
Well-anchored inflation expectations have become a key indicator for the credibility of a central bank's inflation … target. Since the outbreak of the recent financial crisis, the existence and the degree of de-anchoring of U.S. inflation … degree of U.S. inflation expectations anchoring. We confirm that inflation expectations have been partially de …
Persistent link: https://www.econbiz.de/10013022288
We provide a first analysis of the inflation-hedging properties of Bitcoin and Ethereum futures contracts. Daily data … consistently positive responses to inflation expectations. We find cryptocurrency futures provide an effective hedge against … inflation expectations and may provide a hedge against idiosyncratic market risk if the ensuing uncertainty is embraced by …
Persistent link: https://www.econbiz.de/10014235963
;supply shockquot; variables, and long-horizon inflation expectations for explaining the U.S. inflation rate in the post-war period. For … alternative specifications for the inflation driving process and measures of inflation and the gap we reach a similar conclusion …: the contribution of changes in long-horizon inflation expectations dominates that for the gap and supply shock variables …
Persistent link: https://www.econbiz.de/10012734086
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB's SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …
Persistent link: https://www.econbiz.de/10012643485