Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Essays In Inflation Persistence full books in PDF, epub, and Kindle. Read online Essays In Inflation Persistence ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Solange Gouvea
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.:/5 (77 download)
Download or read book Essays in Inflation Persistence written by Solange Gouvea and published by . This book was released on 2007 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Juan A. García
Publisher :
ISBN 13 :
Total Pages : 420 pages
Book Rating : 4.:/5 (248 download)
Download or read book Essays in Credibility and the Source of Inflation Persistence written by Juan A. García and published by . This book was released on 2000 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Juan A. García
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (248 download)
Download or read book Essays in Credibility and the Source of Inflation Persistence written by Juan A. García and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Phillip Cagan
Publisher : New York : Columbia University Press
ISBN 13 : 9780231047296
Total Pages : 283 pages
Book Rating : 4.0/5 (472 download)
Download or read book Persistent Inflation written by Phillip Cagan and published by New York : Columbia University Press. This book was released on 1979 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the political agenda of Nazi Germany grew to diverge from the agenda of the U.S. and other democratic countries, an important question began to evolve. How far could this political and economic compatibility, or incompatibility, be stretched? And what would such compatibilities hold for the contemporary "global economy"?
Author : Hyuk-jae Rhee
Publisher :
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.3/5 (129 download)
Download or read book Essays on Inflation Stabilization in a Small Open Economy written by Hyuk-jae Rhee and published by . This book was released on 2003 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pau Rabanal
Publisher :
ISBN 13 :
Total Pages : 342 pages
Book Rating : 4.:/5 (587 download)
Download or read book Essays on Labor Market Rigidities, Inflation Persistence and Monetary Policy Uncertainty written by Pau Rabanal and published by . This book was released on 2002 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas M. Humphrey
Publisher :
ISBN 13 :
Total Pages : 340 pages
Book Rating : 4.4/5 (91 download)
Download or read book Essays on Inflation written by Thomas M. Humphrey and published by . This book was released on 1986 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Insu Kim
Publisher :
ISBN 13 : 9781109711059
Total Pages : 118 pages
Book Rating : 4.7/5 (11 download)
Download or read book Essays on Inflation and Wage Dynamics written by Insu Kim and published by . This book was released on 2010 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation proposes a new Phillips curve that is able to endogenously generate inflation persistence in a profit-maximizing framework featuring sticky prices, in response to the critique to ad-hoc approaches directly incorporating a lagged inflation term into the Phillips curve by assuming that a fraction of firms reset their prices by automatic indexation to past period's inflation rate. In order to generate a lagged inflation term as a source of inflation persistence, I assume that although firms change their prices at discrete time intervals, they can not completely adjust prices due convex costs of changing prices. Hence, this dissertation introduces dual price stickiness with respect to the frequency and size of price adjustment. In addition to the dual price stickiness, this dissertation investigates the potential presence of dual wage stickiness: with respect to both the frequency as well as the size of wage adjustments. In particular, I derive a model of wage inflation dynamics assuming that although workers adjust wage contracts at discrete time intervals, they are limited in their abilities to adjust wages as much as they might desire.
Author : Piero S. Ghezzi
Publisher :
ISBN 13 :
Total Pages : 250 pages
Book Rating : 4.:/5 (34 download)
Download or read book Essays on Exchange Rate-based Stabilization and Inflation Convergence written by Piero S. Ghezzi and published by . This book was released on 1997 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Steinar Holden
Publisher :
ISBN 13 : 9788275532051
Total Pages : 13 pages
Book Rating : 4.5/5 (32 download)
Download or read book A Note on Inflation Persistence written by Steinar Holden and published by . This book was released on 2001 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomists have for some time been aware that the New Keynesian Phillips curve, though highly popular in the literature, cannot explain the persistence observed in actual inflation. We argue that two of the more prominent alternative formulations, the Fuhrer and Moore (1995) relative contracting model and the Blanchard and Katz (1999) reservation wage conjecture, are highly problematic. Fuhrer and Moore (1995)'s formulation generates inflation persistence, but this is a consequence of their assuming that workers care about the past real wages of other workers. Making the more reasonable assumption that workers care about the current real wages of other workers, one obtains the standard formulation with no inflation persistence. The Blanchard and Katz conjecture turns out to imply that inflation depends negatively on itself lagged, i.e. the opposite of the empirical regularity
Author : Giorgio Canarella
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (96 download)
Download or read book Inflation Persistence and Structural Breaks written by Giorgio Canarella and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jane Maria Ryngaert
Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.:/5 (14 download)
Download or read book Essays on Inflation Expectations and Information Frictions written by Jane Maria Ryngaert and published by . This book was released on 2018 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation empirically investigates the expectations formation process and the constraints that economic agents face in forming beliefs about macroeconomic variables. Chapter 1 contributes to and extends our current understanding of information frictions in expectations. I first propose a new framework for estimating noisy information using individual forecasts, rather than mean forecasts as commonly done in previous work. This approach provides more power for identifying underlying information rigidities. I further extend this framework to incorporate misperceptions on the part of economic agents about the persistence of the underlying process being forecasted. Applying this framework to the U.S. inflation forecasts of professional forecasters points toward significantly less noisy information than previous estimates suggest but reveals a systematic underestimation on the part of forecasters of the persistence of inflation. Using a structural model that incorporates both noisy signals and misperceptions of persistence, I quantify the relative importance of each channel in accounting for the expectations formation process of these agents. The results indicate that, even for professional forecasters, there are multiple forces that generate economically significant deviations from full information. Chapter 2 is joint work with Olivier Coibion, Yuriy Gorodnichenko, and Saten Kumar. Using novel survey questions on the higher-order expectations of firm managers, we study the formation and evolution of these beliefs. A unique experimental approach allows us to characterize the degree of higher-order thinking of economic agents and how this degree of higher-order thinking affects managers' expectations as well as their economic decisions. We then relate these results to macroeconomic models in which higher order thinking matters for dynamics. Chapter 3 is develops a method for measuring the information flow of economic agents at a given point in time using survey data. I document a reduction in attention to several macroeconomic variables over time. I further document that in periods in which agents are paying more attention to a specific variable, there is also greater cross-sectional dispersion in attention across agents.
Author : Jan Babecký
Publisher :
ISBN 13 : 9788073431532
Total Pages : 0 pages
Book Rating : 4.4/5 (315 download)
Download or read book Assessing Inflation Persistence written by Jan Babecký and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Demet Tunali
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.:/5 (785 download)
Download or read book Essays on Monetary Economics written by Demet Tunali and published by . This book was released on 2012 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my dissertation, I attempt to shed new light on the impact of central bank behavior. The first chapter proposes indexes of monetary policy design characteristics in line with inflation targeting (IT). Indexes aim to provide a useful classification of central banks and to examine whether IT intensity matters for sacrifice ratio and inflation persistence. Results show that U.S. and Japan are ranked close to early targeters. Armenian central bank is detected to perform remarkably well as opposed to the literature's descriptions. Noteworthy structural changes are noticed in Mexico and Peru. Higher index level significantly reduces OECD countries' inflation persistence through increased transparency. Higher intensity among targeters does not deliver significantly lower sacrifice ratio or inflation persistence. Announcing official targets does not provide additional benefits. Low degree of central bank discretion and limited financing of the government significantly decrease the sacrifice ratio among OECD countries and in the full cross-sectional sample respectively. Institutional design features need to be mature enough in order to benefit from inflation targeting. The second chapter examines the usefulness of monetary aggregates. A number of dynamic stochastic general equilibrium models (DSGE) and econometric time series models are jointly specified; including vector autoregressive (VAR), random walk (RW), and various autoregressive (AR) and AR with exogenous variable type models (ARX). Model performance is evaluated via novel testing methods developed for assessing predictive and simulation accuracy. Money is found to matter for inflation simulation purposes in simple econometric models, such as ARX models. With regard to predictive point and density analysis, when complex models are examined, M2 enters into the forecast-best VAR-type inflation models. Model selection is found to be sensitive to researcher's objective function, to target variable and forecast horizon. Particularly, when the objective is policy analysis, the examination of multivariate models show that DSGE-type models often outperform at longer horizons and mainly for output forecasts. In contrast, VAR-type models win for simulation purposes and short-horizon inflation forecasts. However, univariate models without money generally dominate theoretical and atheoretical multivariate models both with and without money from both forecasting and simulation standpoint.
Author : Tatiana Kirsanova
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (262 download)
Download or read book When Inflation Persistence Really Matters written by Tatiana Kirsanova and published by . This book was released on 2007 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ben S. Bernanke
Publisher : Princeton University Press
ISBN 13 : 0691259666
Total Pages : 352 pages
Book Rating : 4.6/5 (912 download)
Download or read book Essays on the Great Depression written by Ben S. Bernanke and published by Princeton University Press. This book was released on 2024-01-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke’s influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.
