Showing 81 - 90 of 148,518
We examine how inflation risks have changed over time in a large panel of advanced and emerging market economies (EMEs …). Quantile regressions show a general decline in upside inflation risks over time, reflecting successful disinflationary … processes and the adoption of inflation targeting regimes. But important non-linearities remain. In advanced economies, the zero …
Persistent link: https://www.econbiz.de/10013240695
We estimate the response of domestic inflation to a US interest rate shock in a sample of 27 emerging economies, using … local projection methods. Our results point out that the sign of the inflation response crucially depends on the monetary … policy framework: after a US monetary policy tightening, inflation decreases in peggers; inflation increases in floaters that …
Persistent link: https://www.econbiz.de/10013288937
consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …
Persistent link: https://www.econbiz.de/10014202611
price index as an indicator of inflation for an open emerging economy like India. The scope of such analysis can be extended … objectives along with control of inflation and high economic growth and development. In fact, the three objectives often operate … in opposite directions. Increase in economic growth rate may result in higher inflation and appreciation of the domestic …
Persistent link: https://www.econbiz.de/10014216779
Classical theories of monetary economics predict that real stock returns are negatively correlated with inflation when … countries with hyperinflation. In this paper, I examine the stock return-inflation relation under different monetary policy … regimes and conditions using an expanded dataset of 71 economies. Empirical evidence suggests that the stock return-inflation …
Persistent link: https://www.econbiz.de/10013306755
monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …
Persistent link: https://www.econbiz.de/10012210632
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012828224
crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …
Persistent link: https://www.econbiz.de/10011343263
We empirically examine and compare the determinants of producer and consumer price inflation in 10 Asian economies … are more important in explaining producer price inflation than consumer price inflation in the 10 Asian economies. On the … other hand, for consumer prices, demand-pull factors still explain much of the inflation. Finally, we find that the …
Persistent link: https://www.econbiz.de/10011579513
the impacts of inflation and other drivers of food insecurity in developing Asia, we carried out a household survey in … subsequent sharp rise in inflation, including food price inflation. To better understand the conditions of food insecurity and … 2023 in seven countries in Southeast Asia and nine countries in the Caucasus and Central Asia. The key results are as …
Persistent link: https://www.econbiz.de/10015070923