scholarly journals Determinants and Implications of Low Global Inflation Rates

2018 ◽  
pp. 183-216
Author(s):  
Juan Carlos Berganza ◽  
Fructuoso Borrallo ◽  
Pedro del Río
Keyword(s):  
Inflation Rates

Regional effects of inflation targeting in Russia: Factors of heterogeneity and structural inflation rates

2019 ◽  
pp. 70-89
Author(s):  
Michael I. Zhemkov
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Structural Factors ◽  
Regional Effects ◽  
Inflation Rates ◽  
Price Growth ◽  
Effective Exchange ◽  
The Difference ◽  
Communication Policies ◽  
Structural Levels

Inflation targeting in Russia implies maintaining stable low inflation at a level of 4% throughout the country. The presence of structural factors in some regions can determine deviations from the all-Russian inflation, which can lead to different effects of monetary policy in Russian regions. In this paper, we analyze regional heterogeneity of inflation and factors of inflation deviations from the national average, estimate structural levels of inflation in the regions of Russian Federation. These estimates confirm the presence of some regional factors of inflation deviations from the all-Russian indicator, such as the difference in productivity growth of the tradable and non-tradable sectors (Balassa—Samuelson effect), effective exchange rates, real incomes and product stocks. In addition, our results confirm the presence of regions with price growth rate above and below monetary policy target. The results of this research can be used for the development of monetary and communication policies.

Optimal Inflation Rates: A Generalization: Note

1988 ◽  
Vol 20 (1) ◽  
pp. 141 ◽  
Author(s):  
Alvin L. Marty ◽  
Frank J. Chaloupka
Keyword(s):  
Inflation Rates

scholarly journals Convergence of Euro area inflation rates

2012 ◽  
Vol 31 (6) ◽  
pp. 1440-1458 ◽  
Author(s):  
Claude Lopez ◽  
David H. Papell
Keyword(s):  
Euro Area ◽  
Inflation Rates

Inflation shoe leather costs and average inflation rates across countries

2006 ◽  
Vol 25 (7) ◽  
pp. 1103-1129 ◽  
Author(s):  
Turan G. Bali ◽  
Thom B. Thurston
Keyword(s):  
Inflation Rates

scholarly journals Welfare Reversals in a Monetary Union

2014 ◽  
Vol 6 (4) ◽  
pp. 246-290 ◽  
Author(s):  
Stéphane Auray ◽  
Aurélien Eyquem
Keyword(s):  
Financial Markets ◽  
Monetary Union ◽  
Risk Sharing ◽  
Home Bias ◽  
Scale Model ◽  
Fiscal Policies ◽  
Medium Scale ◽  
Asymmetric Shocks ◽  
Inflation Rates ◽  
Carry Over

We show that welfare can be lower under complete financial markets than under autarky in a monetary union with home bias, sticky prices, and asymmetric shocks. Such a monetary union is a second-best environment in which the structure of financial markets affects risk-sharing but also shapes the dynamics of inflation rates and the welfare costs from nominal rigidities. Welfare reversals arise for a variety of empirically plausible degrees of price stickiness when the Marshall-Lerner condition is met. These results carry over a model with active fiscal policies, and hold within a medium-scale model, although to a weaker extent. (JEL E31, E52, E62, F33, F41)

Income distribution and macroeconomics in Colombia

2007 ◽  
pp. 6
Author(s):  
Javier A. Birchenall
Keyword(s):  
Income Distribution ◽  
Cross Section ◽  
Economic Variables ◽  
Aggregate Shocks ◽  
Macroeconomic Variables ◽  
Inflation Rates ◽  
Negative Effect ◽  
The Cross ◽  
Education Groups ◽  
Distribution Of Income

This paper studies the relation between macroeconomic variables and the distribution of income in Colombia. We relate the dynamics of aggregate economic variables with the cross-section of disaggregate income to determine the transmission and propagation mechanisms of aggregate shocks. The most important finding is a strong negative effect of inflation rates on the distribution of income by education groups and productive sectors.

Monetary Policy and Inflation Rates by Expenditure Deciles and Rural Areas

2019 ◽  
pp. 297-305
Author(s):  
Eliphas Ndou ◽  
Nombulelo Gumata ◽  
Mthokozisi Mncedisi Tshuma
Keyword(s):  
Monetary Policy ◽  
Rural Areas ◽  
Inflation Rates

Dynamics of Interest and Inflation Rates

2016 ◽  
Author(s):  
Ali Anari ◽  
James W. Kolari
Keyword(s):  
Inflation Rates

Spurious Persistence and Unit Roots due to Seasonal Differencing: The Case of Inflation Rates / Künstliche Persistenz und Einheitswurzeln infolge saisonaler Differenzen: Das Beispiel Inflationsraten

2005 ◽  
Vol 225 (4) ◽  
Author(s):  
Uwe Hassler ◽  
Matei Demetrescu
Keyword(s):  
Growth Rates ◽  
Unit Root ◽  
Unit Roots ◽  
Annual Growth ◽  
Seasonal Growth ◽  
Seasonal Differences ◽  
Inflation Rates ◽  
European Economies ◽  
Seasonal Data

SummaryStudying annual growth rates (seasonal differences) in case of seasonal data produces much more persistence, autocorrelation and stronger evidence in favour of a unit root than analyzing seasonal growth rates (ordinary differences). First, this statement is quantified theoretically. Second, it is supported experimentally with simulations, and, finally, it is empirically illustrated with quarterly GDP deflators from 7 European economies.

Asymmetry in Inflation Rates Under Inflation Targeting

2017 ◽  
Author(s):  
Nektarios Aslanidis ◽  
Glenn Otto
Keyword(s):  
Inflation Targeting ◽  
Inflation Rates
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