Cyclical or countercyclical nature of prices and wages in the euro area
Aim/purpose – The aim of the undertaken research is to analyse the interdependencies between cyclical changes in consumer prices, production prices, wages and production in the euro area in the period Q1.2010-Q3.2017.
Misztal Piotr
doaj +1 more source
The Formation of Expectations, Inflation and the Phillips Curve
This paper argues for a careful (re)consideration of the expectations formation process and a more systematic inclusion of real-time expectations through survey data in macroeconomic analyses.
Olivier Coibion+2 more
semanticscholar +1 more source
Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations [PDF]
JEL Classification: E52, E61, E31, E42, E43credibility, definition of price stability, inflation, inflation expectations, nominal ...
Castelnuovo, Efrem+2 more
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UN ENFOQUE MONETARIO DE LA INFLACIÓN EN EL LARGO PLAZO. El caso de Uruguay (1870-2010)
El objetivo de este artículo es explicar el comportamiento de la inflación en Uruguay durante el largo plazo (1870-2010). Se utiliza un modelo de inflación monetaria, pues se entiende que la trayectoria de largo plazo de la inflación debería estar ...
Conrado Brum+2 more
doaj
Second-round effects of food prices on core inflation in Turkey
Turkey has recently experienced persistently high food inflation, among the highest in emerging markets, with food accounting for a significant proportion of consumer expenditures.
Türken Fatma, Yildirim Mustafa Ozan
doaj +1 more source
Monetary Transmission Channel, Oil Price Shock and the Manufacturing Sector in Nigeria
Research background: The need for diversification of the Nigerian economy has been emphasized and the manufacturing sector has a major role in this. Being an oil producing country, monetary policy is an important macroeconomic policy that has always been
Omolade Adeleke+2 more
doaj +1 more source
The Effects of Macroprudential Policies on the Performance of Conventional Banks in Indonesia
A resilient banking system in Indonesia is essential to withstand economic fluctuations that have significantly impacted Indonesia, especially during financial crises.
Adenan Moh.+3 more
doaj +1 more source
Consumer price adjustment under the microscope: Germany in a period of low inflation [PDF]
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003.
Hoffmann, Johannes+1 more
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Monetary Policy When the Phillips Curve Is Quite Flat
This paper highlights how the presence of a monetary policy cost channel can offer new insights into the relation between monetary policy and inflation when the Phillips curve is quite flat. For instance, we highlight a key condition whereby lax monetary
P. Beaudry, Chenyu Hou, F. Portier
semanticscholar +1 more source
The optimal mix of taxes on money, consumption and income [PDF]
In this paper we determine the optimal combination of taxes on money, consumption and income in transaction technology models. We show that the optimal policy does not tax money, regardless of whether the government can use the income tax, the ...
De Fiore, Fiorella, Teles, Pedro
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