Showing 1 - 10 of 124,419
This paper assesses the impact of weather shocks on inflation components in the four largest euro area economies. We … combine high-frequency weather data with monthly data on inflation and output growth within a set of Bayesian Vector … asymmetries and seasonal responses of inflation to temperature shocks, mainly via food, energy, and service prices. An increase in …
Persistent link: https://www.econbiz.de/10014278607
We propose a framework to identify a rich set of structural drivers of inflation in order to understand the role of the … multiple and concomitant sources of the post-pandemic inflation surge. We specify a medium-sized structural Bayesian VAR on a … post-pandemic inflation surge, also for core inflation. Being able to gauge the impact of such shocks is useful for policy …
Persistent link: https://www.econbiz.de/10014482977
We propose a framework to identify a rich set of structural drivers of inflation in order to understand the role of the … multiple and concomitant sources of the post-pandemic inflation surge. We specify a medium-sized structural Bayesian VAR on a … post-pandemic inflation surge, also for core inflation. Being able to gauge the impact of such shocks is useful for policy …
Persistent link: https://www.econbiz.de/10014543613
This paper assesses the impact of weather shocks on inflation components in the four largest euro area economies. We … combine high-frequency weather data with monthly data on inflation and output growth within a set of Bayesian Vector Autore … asymmetries and seasonal responses of inflation to temperature shocks, mainly via food, energy, and service prices. An increase in …
Persistent link: https://www.econbiz.de/10014355983
affect medium-term inflation, the primary objective of monetary policy. Using panel local projections for 48 advanced and … inflation in the near term, especially in EMEs. But over the medium term, the impact across the various price indices tends to …
Persistent link: https://www.econbiz.de/10012705523
What is the effect of climate policies on inflation and economic activity? Answering this question is critical for …
Persistent link: https://www.econbiz.de/10012602683
By 2017, one-quarter of people born in El Salvador were estimated to be living in the U.S. We show that extreme temperatures have negatively affected agricultural production and increased international migration from El Salvador. We find that labor markets act as a transmission mechanism of the...
Persistent link: https://www.econbiz.de/10014496279
The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario...
Persistent link: https://www.econbiz.de/10012651692
This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate...
Persistent link: https://www.econbiz.de/10011336943
Vulnerability of exchange rates to the external price shocks as well as their absorption capabilities represents one of the most discussed area in the fixed versus flexible exchange rate dilemma. Ability of exchange rates to serve as a traditional vehicle for a transmission of external shocks to...
Persistent link: https://www.econbiz.de/10011553101