Inflation persistence

Continued part 1, part 2 of ebook "Money, banking and financial markets in Central and Eastern Europe: 20 years of transition" provides readers with contents including: cross-country versus cross-regional convergence in the European union; price- and news-based measures of financial integration among new EU member states and the Euro area; exports and economic growth of East European economies, 1996–2007; inflation convergence in the new EU member states from central and Eastern Europe; persistent differential inflation rates in the new Euro member countries;...

142p tuongnhuoclan 27-11-2023 7 4   Download

Money and Banking: Lecture 43 provides students with content about: aggregate supply curve; inflation persistence; short-run aggregate supply curve; shifts in short-run aggregate supply curve; inflation shocks;... Please refer to the lesson for details!

23p hanlamcoman 26-11-2022 10 2   Download

Using the GMM estimator, this paper empirically studies the bank-specific, industry specific and macroeconomics specific determinants of bank profitability of 259 commercial banks in the South Asian countries (Bangladesh, India, Nepal and Pakistan) for the period of 1997-2012. Empirical results show a low level of profit persistency and a late-hit of the global financial crisis in the banking sector in the region. We found no evidence for the traditional SCP hypothesis in relation to banking profit but financial solvency and managerial excellence have positive affiliation.

21p trinhthamhodang2 21-01-2020 27 2   Download

This chapter presents the following content: Inflation is persistent for two reasons, shifts in the short-run aggregate supply curve, inflation shocks, the long-run aggregate supply curve.

23p tangtuy20 28-07-2016 42 2   Download

Chapter 19 - Wage changes, price inflation and unemployment. This chapter presents the following content: The connection between aggregate wage changes and unemployment rate, the relationship between inflation and unemployment, anti-inflationary policies, persistence of unemployment, wage rigidity.

23p tangtuy04 16-03-2016 23 1   Download

With regard to the interest rate environment, we expect that the ECB will continue to raise key rates in the near future. There are several reasons why the ECB will tighten policy somewhat. One is that inflation has remained above the target for a long time, albeit moderately, and in the recent survey reported by the ECB inflation forecasts were raised slightly compared to the previous one. Also, the monetary overhang, which the ECB interprets as one leading indicator for future inflation, increased further due to persistently high money growth.

33p hoangphiyeah1tv 18-04-2013 59 6   Download

The potential impact of debt on inflation depends on the response of monetary policy. High government debt could well constrain the ability of the central banks to set the policy rate to control inflation. This is the “fiscal dominance” view. Heavily debted governments force the central bank to accept inflation in order to reduce the real value of their debt. Historically, inflation has helped governments to reduce their public debt burdens.

34p taisaovanchuavo 23-01-2013 36 6   Download

Based on past WPI inflation data, we see that every time the real rate turned positive, the regulator reduced the SB rate 1 , never to take corrective action (in terms of increasing the SB rate) even on subsequent high negative real rates. Chart 1 provides this picture in very clear terms. From 2003 to 2009 the real rates on SB accounts remained at historically low levels and persisted there for six years. Barring the transitory reversal in end 2009, this high negative real rate continues to pinch the small savers till date. One can clearly see that at least during April...

9p machuavo 19-01-2013 36 3   Download

The role of monetary analysis in the ECB’s monetary policy strategy is founded on the robust positive relationship between longer-term movements in broad money growth and inflation, whereby money growth leads inflationary developments. This relationship is found to hold true across countries and monetary policy regimes.

10p machuavo 19-01-2013 53 6   Download