Consumer Price Adjustment Under the Microscope

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Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Consumer Price Adjustment Under the Microscope by : Johannes Hoffmann

Download or read book Consumer Price Adjustment Under the Microscope written by Johannes Hoffmann and published by . This book was released on 2016 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the differences in ?unconditional? sectoral price flexibility are found to be linked to input price volatility.

Consumer Price Adjustment Under the Microscope

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Publisher :
ISBN 13 : 9783865581563
Total Pages : 0 pages
Book Rating : 4.5/5 (815 download)

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Book Synopsis Consumer Price Adjustment Under the Microscope by : Johannes Hoffmann

Download or read book Consumer Price Adjustment Under the Microscope written by Johannes Hoffmann and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff Papers, Volume 56, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1589067959
Total Pages : 216 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 56, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 56, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-03 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth performance since the start of economic reforms in 1978 has been impressive, but the gains have not been distributed equally across provinces. We use a nonparametric approach to analyze the variation in labor productivity growth across China’s provinces. This approach imposes less structure on the data than the standard growth accounting framework and allows for a breakdown of labor productivity into efficiency gains, technological progress, and capital deepening. We have the following results. First, we find that on average capital deepening accounts for about 75 percent of total labor productivity growth, while efficiency and technological improvements account for about 7 and 18 percent, respectively. Second, technical change is not neutral. Third, whereas improvement in efficiency contributes to convergence in labor productivity between provinces, technical change contributes to productivity disparity across provinces. Finally, we find that foreign direct investment has a positive and significant effect on efficiency growth and technical progress.

Handbook of Monetary Economics 3A

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Publisher : Elsevier
ISBN 13 : 0080932703
Total Pages : 754 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of Monetary Economics 3A by :

Download or read book Handbook of Monetary Economics 3A written by and published by Elsevier. This book was released on 2010-12-08 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Explores the models and practices used in formulating and transmitting monetary policies Raises new questions about the volume, price, and availability of credit in the 2007-2010 downturn Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years

Handbook of Monetary Economics vols 3A+3B Set

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Publisher : Elsevier
ISBN 13 : 0444534717
Total Pages : 1729 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Monetary Economics vols 3A+3B Set by : Benjamin M. Friedman

Download or read book Handbook of Monetary Economics vols 3A+3B Set written by Benjamin M. Friedman and published by Elsevier. This book was released on 2010-11-10 with total page 1729 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have monetary policies matured during the last decade? The recent downturn in economies worldwide have put monetary policies in a new spotlight. In addition to their investigations of new tools, models, and assumptions, they look carefully at recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. They also reexamine standard presumptions about the rationality of asset markets and other fundamentals. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Presents extensive coverage of monetary policy theories with an eye toward questions raised by the recent financial crisis Explores the policies and practices used in formulating and transmitting monetary policies Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years

Handbook on Residential Property Price Indices

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Publisher : OECD Publishing
ISBN 13 : 9264197184
Total Pages : 186 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Handbook on Residential Property Price Indices by : OECD

Download or read book Handbook on Residential Property Price Indices written by OECD and published by OECD Publishing. This book was released on 2013-04-22 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides, for the first time, comprehensive guidelines for the compilation of Residential Property Price Indexes and explains in depth the methods and best practices used to calculate an RPPI.

Implications of Food Subsistence for Monetary Policy and Inflation

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Publisher : International Monetary Fund
ISBN 13 : 1475542631
Total Pages : 62 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Implications of Food Subsistence for Monetary Policy and Inflation by : Rafael Portillo

Download or read book Implications of Food Subsistence for Monetary Policy and Inflation written by Rafael Portillo and published by International Monetary Fund. This book was released on 2016-03-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and the properties of inflation at different levels of development. A calibrated version of the model encompasses both rich and poor countries and broadly replicates the properties of inflation across the development spectrum, including the dominant role played by changes in the relative price of food in poor countries. We derive a welfare-based loss function for the monetary authority and show that optimal policy calls for complete (in some cases nearcomplete) stabilization of sticky-price non-food inflation, despite the presence of a foodsubsistence threshold. Subsistence amplifies the welfare losses of policy mistakes, however, raising the stakes for monetary policy at earlier stages of development.

Pricing Decisions in the Euro Area

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Publisher : Oxford University Press
ISBN 13 : 0198042248
Total Pages : 309 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis Pricing Decisions in the Euro Area by : Silvia Fabiani

Download or read book Pricing Decisions in the Euro Area written by Silvia Fabiani and published by Oxford University Press. This book was released on 2007-06-25 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects results from ad hoc surveys on firms pricing behavior conducted in 2003 and 2004 by nine National central banks of the Euro area in the context of a joint research project (Eurosystem Inflation Persistence Network). These surveys have proved to be an efficient way to test theories on the pricing strategies of economic agents, documenting, in qualitative terms, the underlying rationale of the observed pricing patterns. The book provides an unprecedented amount of information from more than 11,000 euro area firms, addressing issues such as the relevance of nominal and real rigidities, the information set used by firms in the price setting process, the strategy followed to review prices, the frequency of both price reviews and price changes, the reasons underlying price stickiness, and asymmetries in price adjustment. It also compares results for the euro area to those obtained for other countries by similar studies. Finally, it draws the main implications for theoretical modeling and for monetary policy.

Export and Import Price Index Manual: Theory and Practice

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Publisher : OECD Publishing
ISBN 13 : 9264085416
Total Pages : 705 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Export and Import Price Index Manual: Theory and Practice by : OECD

Download or read book Export and Import Price Index Manual: Theory and Practice written by OECD and published by OECD Publishing. This book was released on 2010-04-06 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...

Monthly Report

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Publisher :
ISBN 13 :
Total Pages : 612 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Monthly Report by :

Download or read book Monthly Report written by and published by . This book was released on 2008-09 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Open Economy Macroeconomics in Developing Countries

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Publisher : MIT Press
ISBN 13 : 026201890X
Total Pages : 911 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Open Economy Macroeconomics in Developing Countries by : Carlos A. Vegh

Download or read book Open Economy Macroeconomics in Developing Countries written by Carlos A. Vegh and published by MIT Press. This book was released on 2013-08-30 with total page 911 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and rigorous text that shows how a basic open economy model can be extended to answer important macroeconomic questions that arise in emerging markets. This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues. Eschewing the complex calibrated models on which the field of international finance increasingly relies, the book teaches the reader how to think in terms of simple models and grasp the fundamentals of open economy macroeconomics. After analyzing the standard intertemporal small open economy model, the book introduces frictions such as imperfect capital markets, intertemporal distortions, and nontradable goods, into the basic model in order to shed light on the economy's response to different shocks. The book then introduces money into the model to analyze the real effects of monetary and exchange rate policy. It then applies these theoretical tools to a variety of important macroeconomic issues relevant to developing countries (and, in a world of continuing financial crisis, to industrial countries as well), including the use of a nominal interest rate as a main policy instrument, the relative merits of flexible and predetermined exchange rate regimes, and the targeting of “real anchors.” Finally, the book analyzes in detail specific topics such as inflation stabilization, “dollarization,” balance of payments crises, and, inspired by recent events, financial crises. Each chapter includes boxes with relevant empirical evidence and ends with exercises. The book is suitable for use in graduate courses in development economics, international finance, and macroeconomics.

How Frequently Do Consumer Prices Change in Austria?

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Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (8 download)

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Book Synopsis How Frequently Do Consumer Prices Change in Austria? by : Josef Baumgartner

Download or read book How Frequently Do Consumer Prices Change in Austria? written by Josef Baumgartner and published by . This book was released on 2005 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Setting During Low and High Inflation

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Price Setting During Low and High Inflation by : Etienne Gagnon

Download or read book Price Setting During Low and High Inflation written by Etienne Gagnon and published by . This book was released on 2007 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new insight into the relationship between inflation and consumer price setting by examining a large data set of Mexican consumer prices covering episodes of both low and high inflation, as well as the transition between the two. Overall, the economy shares several characteristics with time-dependent models when the annual inflation rate is low (below 10-15%), while displaying strong state dependence when inflation is high (above 10-15%). At low inflation levels, the aggregate frequency of price changes responds little to movements in inflation because movements in the frequency of price decreases partly offset movements in the frequency of price increases. When the annual inflation rate rises beyond 10-15 percent, however, there are no longer enough price decreases to counterbalance the rising occurrence of price increases, making the frequency of price changes more responsive to inflation. It is shown that a simple menu-cost model with idiosyncratic technology shocks predicts remarkably well the level of the average frequency and magnitude of price changes over a wide range of inflation.

IMF Staff Papers

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Publisher :
ISBN 13 :
Total Pages : 472 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis IMF Staff Papers by :

Download or read book IMF Staff Papers written by and published by . This book was released on 2009 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Journal of Economic Perspectives

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Publisher :
ISBN 13 :
Total Pages : 528 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Journal of Economic Perspectives by :

Download or read book The Journal of Economic Perspectives written by and published by . This book was released on 2006 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This journal attempts to fill a gap between the general-interest press and other academic economics journals. Its articles relate to active lines of economics research, economic analysis of public policy issues, state-of-the-art economic thinking, and directions for future research. It also aims to provide material for classroom use, and to address issues relating to the economics profession.

Monthly Bulletin

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Publisher :
ISBN 13 :
Total Pages : 696 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Monthly Bulletin by :

Download or read book Monthly Bulletin written by and published by . This book was released on 2007 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Practical Stereology

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Publisher : Springer Science & Business Media
ISBN 13 : 1489935339
Total Pages : 192 pages
Book Rating : 4.4/5 (899 download)

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Book Synopsis Practical Stereology by : John C. Russ

Download or read book Practical Stereology written by John C. Russ and published by Springer Science & Business Media. This book was released on 2013-11-09 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: vi on geometric probability is included, students can be expected to create a few simple programs like those shown, but for other geometries. I am indebted to Tom Hare for critical reviews of the material and an endless enthusiasm to debate and derive stereological relationships; to John Matzka at Plenum Press for patiently instructing me in the intricacies of typesetting; to Chris Russ for helping to program many of these measurement techniques; and especially to Helen Adams, both for her patience with my creative fever to write yet another book, and for pointing out that the title, which I had intended to contrast to "theoretical stereology," can also be understood as the antonym of "impractical stereology." John C. Russ Raleigh,NC July, 1986 Chapter 1: Statistics 1 Accuracy and precision 1 The mean and standard deviation 5 Distributions 7 Comparison 13 Correlation 18 Nonlinear fitting 19 Chapter 2: Image Types 23 Planar sections 23 Projected images 25 Finite sections 28 Space-filling structures and dispersed phases 29 Types of images and contrast mechanisms 31 Sampling 32 Chapter 3: Manual Methods 35 Volume fraction 35 Surface density 38 Contiguity 41 Mean intercept length 42 Line density 43 Grain size determination 55 Curvature 48 Reticles to aid counting 49 Magnification and units 51 Chapter4: Size Distributions 53 Intercept length in spheres 53 Nonspherical shapes 57 Corrections for finite section thickness 59 Lamellae 61 Measurement of profile size 62 Nonspherical particles 69 vii Contents viii Chapter 5: Computer Metlwds 73