Similar Search Results

Property crime and private protection allocation within cities : theory and evidence

Decreuse, Bruno; Mongrain, Steeve; Van Ypersele, Tanguy - In: Economic inquiry 60 (2022) 3, pp. 1142-1163

Persistent link: https://www.econbiz.de/10013281078

Search frictions and the business cycle in a small open economy DSGE model

Guerra-Salas, Juan; Kirchner, Markus; Tranamil-Vidal, … - In: Review of economic dynamics 39 (2021), pp. 258-279

Persistent link: https://www.econbiz.de/10012795175

Evaluating the effect of the Bank of Canada's conditional commitment policy

He, Zhongfang - 2010

The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on … for Canada and the United States, the author finds that the Canadian 1-year treasury bill rates and 1-year forward 3-month … evidence appears to suggest that the Bank of Canada's conditional commitment likely has produced a persistent effect in …

Persistent link: https://www.econbiz.de/10010289681

On the importance of sectoral shocks for price-setting

Beck, Guenter W.; Hubrich, Kirstin; Marcellino, Massimiliano - 2009

We use a novel disaggregate sectoral euro area dataset with a regional breakdown that allows explicit estimation of the sectoral component of price changes (rather than interpreting the idiosyncratic component as sectoral as done in other papers). Employing a new method to extract factors from...

Persistent link: https://www.econbiz.de/10010303757

The portfolio theory of inflation (and policy effectiveness)

Bossone, Biagio - 2019

The Portfolio Theory of Inflation (PIT) proposed in this study investigates the role of global financial markets in determining the effectiveness of macroeconomic policy in open and fully financial integrated economies. The PIT adopts a modified version of the portfolio balance approach to...

Persistent link: https://www.econbiz.de/10011993202

The portfolio theory of inflation and policy (in)effectiveness

Bossone, Biagio - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-33, pp. 1-25

The analysis of open macroeconomies typically assumes (implicitly or explicitly) that resource allocation decisions are taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical allocation decisions are taken by global investors and...

Persistent link: https://www.econbiz.de/10012012434

Sources of bias in inflation rates and implications for inflation dynamics

Braun, Rahel; Lein-Rupprecht, Sarah M. - 2019

Official statistics measuring the cost of living are known to suffer from several biases because they often do not accurately capture substitution patterns, product entry/exit, and preference shifts. In particular, the latter two biases have been shown to be large on average. This paper shows...

Persistent link: https://www.econbiz.de/10012140903

Is There a Swiss Price Puzzle?

Kaufmann, Daniel; Lein, Sarah M. - In: Swiss Journal of Economics and Statistics 148 (2012) 1, pp. 57-75

This paper estimates the response of consumer prices to a monetary policy shock in Switzerland. We find that there is no evidence of a price puzzle at the aggregate level. This is because our factor-augmented vector autoregression (FAVAR) avoids misspecification by including more information...

Persistent link: https://www.econbiz.de/10011933277

Does monetary policy solely correct disequilibrium in the balance of payment? Evidence from the developing world

Khan, Muhammad Azam - In: Journal of Central Banking Theory and Practice 12 (2023) 1, pp. 57-85

Monetary policy and balance of payments (BoP) are the key parameters in any country's economy performance. This study is an attempt to re-explore the impact of domestic credit provided by the financial sector, real interest rate, real GDP growth, inflation rate, and exchange rate on the balance...

Persistent link: https://www.econbiz.de/10014558523

The political economy of inflation

Coppola, Frances - In: European Journal of Economics and Economic Policies: … 18 (2021) 3, pp. 331-343

For the last 40 years, macroeconomics has been dominated by Milton Friedman's view that inflation occurs when the supply of money rises more quickly than economic output – 'too much money chasing too few goods', as the saying goes. If inflation is always due to an imbalance of money supply and...

Persistent link: https://www.econbiz.de/10014363429