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Mexico. Also, we model the Consumer Price Index, the Economic Activity Index and the total number of employments economic …
Persistent link: https://www.econbiz.de/10011885537
We document the presence of both small and large price changes in individual price records from the CPI in France and … the US. After correcting for measurement error and cross-section heterogeneity, the size-distribution of price changes has … the ratio of kurtosis to the frequency of price changes is a sufficient statistics for the real effects of monetary policy …
Persistent link: https://www.econbiz.de/10013052222
of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI …-median and CPI-common-continue to outperform alternative core measures across a range of criteria. These measures remain less … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …
Persistent link: https://www.econbiz.de/10012098513
This paper documents five stylised facts relating to price adjustment in the euro area, using various micro price … datasets collected in a period with relatively low and stable inflation. First, price changes are infrequent in the core … of producer price adjustment is greater (25%), reflecting that the prices of intermediate goods and energy are more …
Persistent link: https://www.econbiz.de/10014316096
Consumer Price Index (CPI) to identify the drivers of price growth, understand how bank financing flows into it, and the …The study examines challenges to monetary policy transmission, focusing on the National Bank of Ethiopia's (NBE) price … stabilization policies. The NBE's monetary policy framework aims to maintain price and exchange rate stability while supporting …
Persistent link: https://www.econbiz.de/10014349481
Persistent link: https://www.econbiz.de/10001089466
We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …
Persistent link: https://www.econbiz.de/10009690837
The price puzzle has been the focus of many studies, however, most of these studies have focused on developed economies … and especially on the U.S. Owing to this tendency; we do not know if the VAR framework produces the price puzzle in … developing economies. This study investigates the existence of the price puzzle for the period 1980-2003 in Colombia by using …
Persistent link: https://www.econbiz.de/10012771808
digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation … and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price …
Persistent link: https://www.econbiz.de/10014392978
There is scant empirical support in the literature for the Fisher effect in the long run, though it is often assumed in theoretical models. We argue that a break in the cointegrating relation introduces a spurious unit root that leads to a rejection of cointegration. We applied new break tests...
Persistent link: https://www.econbiz.de/10003831793