Showing 81 - 90 of 111,117
In recent years, many developing countries having a history of high inflation, unfavorable balance of payment situation …
Persistent link: https://www.econbiz.de/10008871293
There has been much concern about inflation in China recently. The People’s Bank in the last few months has raised the … reserve requirement several times to control the money supply to slow down inflation. In 1985 when I was organizing a summer … workshop on macroeconomics in cooperation with the Ministry of Education, Premier Zhao Ziyang asked me to forecast inflation in …
Persistent link: https://www.econbiz.de/10011149983
The main objective of this study is to investigate the long run trade-off between unemployment and inflation in Egypt … analysis confirm a positive relationship between changes in inflation rate and unemployment gap in the long run, which is … consistent with “Locus Critique” where a policy of inflation would fail to reduce the unemployment rate in the long run, because …
Persistent link: https://www.econbiz.de/10011108182
The recent debate over monetary policy strategies concludes that monetary targeting in practice lead to very similar patterns of central bank behaviour. This raises the question why central banks insist on the strategies they use. In this paper, we develop an answer from political economy. After...
Persistent link: https://www.econbiz.de/10005479280
exception of the Great Moderation. We analyze the Fed and pre-Fed periods in terms of the rates and volatilities of inflation … real GDP growth has been lower under the Fed, while inflation has been higher. The volatilities of inflation and GDP growth …
Persistent link: https://www.econbiz.de/10011194170
survey measures of inflation expectations. We find that seemingly small differences in how inflation is referred to in a … survey can lead respondents to consider significantly different price concepts. For near-term inflation, the “prices in … most visible prices, such as gasoline or food. Questions on the “rate of inflation” can lead to responses on the prices …
Persistent link: https://www.econbiz.de/10003812551
Inflation expectations play a key role in determining future economic outcomes. The associated uncertainty provides a … direct gauge of how well-anchored the inflation expectations are. We construct a model-based measure of inflation … expectations uncertainty by augmenting a standard unobserved components model of inflation with information from noisy and possibly …
Persistent link: https://www.econbiz.de/10012945524
survey measures of inflation expectations. We find that seemingly small differences in how inflation is referred to in a … survey can lead respondents to consider significantly different price concepts. For near-term inflation, the "prices in … most visible prices, such as gasoline or food. Questions on the "rate of inflation" can lead to responses on the prices …
Persistent link: https://www.econbiz.de/10014211775
conventional and aggregated inflation expectations. Our results chart a new course for designing measurement of inflation …This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts … across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on …
Persistent link: https://www.econbiz.de/10014436953
inflation and on unemployment. This relationship can be motivated by the existence of the Taylor rule. Using micro survey data … mainly driven by disagreement on inflation. Exploring further determinants, we confirm that central bank transparency as well …
Persistent link: https://www.econbiz.de/10010504015