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Headline inflation in the euro area jumped to more than three percent in the summer after years of relatively low … inflation rates well below the target of close to but below two percent set by the ECB until July 2021. One of the main reasons … for the rise in inflation is the increase in energy prices since the beginning of 2021. However, there are further …
Persistent link: https://www.econbiz.de/10012667065
In the past five years, the inflation in the euro area has been well below the European Central Bank’s (ECB) aimed … inflation rate of close to but below two percent for achieving its objective of price stabilization in the medium term. The … present analysis shows that expectations of low inflation, rising cyclical unemployment, and external factors such as low …
Persistent link: https://www.econbiz.de/10011917388
We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual … expected inflation equilibriums and regime switching in the mean and variance of the fiscal deficit probability density …
Persistent link: https://www.econbiz.de/10012165948
This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017 …-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in …
Persistent link: https://www.econbiz.de/10011898926
Whittle estimation method, the research examines the longmemory properties of headline inflation through monthly data from … January 1996 to January 2023. The study expands upon existing knowledge of inflation persistence by exploring its changes and … the various patterns of inflation persistence in Europe. The findings reveal significant differences in the persistence of …
Persistent link: https://www.econbiz.de/10014446863
Empirical evidence suggests consumers rely on their shopping experiences to form beliefs about inflation. In other …. Learning by shopping anchors households' beliefs about inflation to its past, causing disagreement with firms over the value of … inflation, increases the degree of anchoring of households' inflation expectations, and flattens the slope of the Phillips curve …
Persistent link: https://www.econbiz.de/10015069687
liberalization until the South African Reserve Bank (SARB) moved to the official inflation-targeting regime. The effect of house …
Persistent link: https://www.econbiz.de/10010552942
This paper investigates the existence of spillovers from stock prices onto consumption and the interest rate for South Africa using a time-varying vector autoregressive (TVP-VAR) model with stochastic volatility. In this regard, we estimate a three-variable TVP-VAR model comprising of real...
Persistent link: https://www.econbiz.de/10010658702
What are the main narratives among the public regarding the future course of the Colombian economy, and how do they compare to those of the Central Bank of Colombia? Macroeconomic forecasts collected through surveys mainly assess observable variables; therefore, they offer little understanding...
Persistent link: https://www.econbiz.de/10013349358
importance of inflation expectations in driving actual inflation in Asia. We find that, in Asia, short-term inflation … Asian economies.Full publication: "http://ssrn.com/abstract=2248714" Globalisation and Inflation Dynamics in Asia and the …Using simple statistical methods, this note examines the relationship between expected and actual inflation and the …
Persistent link: https://www.econbiz.de/10013083427