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this linkage in most developing countries especially in the ECOWAS region. This paper examines whether RPV responds … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the … period 2008:M1 to 2019:M12, the paper finds that ECOWAS countries would achieve lower RPV in the moderate …
Persistent link: https://www.econbiz.de/10013342712
this linkage in most developing countries especially in the ECOWAS region. This paper examines whether RPV responds … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the … period 2008:M1 to 2019:M12, the paper finds that ECOWAS countries would achieve lower RPV in the moderate …
Persistent link: https://www.econbiz.de/10013362890
this linkage in most developing countries especially in the ECOWAS region. This paper examines whether RPV responds … differently to different inflation regimes across the ECOWAS region, determining the inflation threshold that would minimize the … period 2008:M1 to 2019:M12, the paper finds that ECOWAS countries would achieve lower RPV in the moderate …
Persistent link: https://www.econbiz.de/10014278149
Persistent link: https://www.econbiz.de/10005634302
This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the regime, and summarizes some major critiques. Monetary...
Persistent link: https://www.econbiz.de/10008464035
The objective of this paper was to analyse the relationship between inflation and economic growth in Burundi and to determine whether there is an inflation threshold or not to allow monetary authority to adopt the optimal policies to deal with shocks. With annual data from 1990 to 2020, the ARDL...
Persistent link: https://www.econbiz.de/10014500848
We look at a panel of Latin American countries from 1970 and 2016 to enquire how exchange rate pass-through has changed over time, and whether this owes to monetary or real shocks hitting the economy. We estimate conventional pass-through measures, both short and long run; then we obtain rolling...
Persistent link: https://www.econbiz.de/10012020009
This study tests for the state-dependent response of monetary policy to increases in overall financial stress and financial sector-specific stress across a panel of advanced and emerging economy central banks. We use a factor-augmented dynamic panel threshold regression model with (estimated)...
Persistent link: https://www.econbiz.de/10011636194
Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High inflation, strong long-run comovement between RPV...
Persistent link: https://www.econbiz.de/10010325092
Much empirical evidence suggests that wage increases do not lead to inflation. This paper demonstrates that a 2-sector dynamic general equilibrium model calibrated to the U.S. economy is able to explain this evidence. We quantify the effect of an increased wage-markup on the inflation rate in...
Persistent link: https://www.econbiz.de/10010321263