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Understanding and forecasting inflation has always been a key focus of macroeconomics and monetary policymaking … for the breakdown of the “Phillips curveâ€� relationship between slack and inflation. These explanations include the … these explanations has some merit and support, but each seems unable to explain how inflation dynamics have evolved over the …
Persistent link: https://www.econbiz.de/10012894895
) inflation. We exploit pre-pandemic cross-industry variation in sourcing patterns across countries and interact it with measures … played a significant role in U.S. cross-industry PPI inflation between January and November 2021. If bottlenecks had followed … the same path as in 2019, PPI inflation in the manufacturing sector would have been 2 percentage points lower in January …
Persistent link: https://www.econbiz.de/10013306524
networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …
Persistent link: https://www.econbiz.de/10011083958
Die vorliegende Analyse der österreichischen Warenverkehrsbilanz diskutiert sowohl die zeitliche Entwicklung der Handelsbilanz und ihre zugrundeliegenden Faktoren als auch die bilateralen Bilanzen mit den wichtigsten Handelspartnern und die Handelsbilanz in ausgewählten Warengruppen. Mit...
Persistent link: https://www.econbiz.de/10011345645
The paper extends the findings of Coe and Helpman (1995) model of R&D spillovers by considering foreign direct investment (FDI) as a channel for knowl- edge spillovers in addition to imports. Deeper insights on the issue are provided by examining inter-relationship between knowledge spillovers...
Persistent link: https://www.econbiz.de/10011419480
Since the mid-2000s price-competitiveness indicators for some euro-area countries have been providing conflicting signals. Against a stability of the producer price (PPI)-based measure, the manufacturing unit labour cost (ULCM)-deflated indicator points to a major competitiveness loss in Italy;...
Persistent link: https://www.econbiz.de/10011605834
We build upon new developments in the international trade literature to isolate and quantify the long-run economic impacts of tariff changes on the United States and the global economy. In particular, we apply the most recent data and trade elasticity estimates to the Ricardian model of Caliendo...
Persistent link: https://www.econbiz.de/10012014512
This report uses an international input-output dataset to present an analysis of Finland’s position in global value chains. The results show that intermediate products account for a larger share – some three-quarters – of Finnish exports than they do in most other countries. The share of...
Persistent link: https://www.econbiz.de/10012037682
In this study, we analyse Estonia’s position in global value chains using World Input-Output Data and firm-level data. We find that 69% of Estonia’s total exports are intermediate goods and services, exceeding the EU average (65%). Two-thirds of Estonian imports are intermediates. Our...
Persistent link: https://www.econbiz.de/10012037689
One of the basic features of last decade was the formation of groups of emerging economies, as well as the acceptance of their role as important players in the determination of global growth. Recent years have shown, however, a fall in the rate of growth of these economies. In this article we...
Persistent link: https://www.econbiz.de/10011818809