1 edition of Inflation Dynamics and Nominal Adjustment in the Baltic States (Working Paper Series, Number 35) found in the catalog.
Inflation Dynamics and Nominal Adjustment in the Baltic States (Working Paper Series, Number 35)
by University of Tartu
Written in English
|The Physical Object|
Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. In other words, inflation is an upward movement in the average level of prices, as defined in Economics by Parkin and Bade. Inflation Dynamics and the Great Recession By Ball, Laurence; Mazumder, Sandeep Brookings Papers on Economic Activity, Spring Read preview Overview Inflation and the Informativeness of Prices By Ball, Laurence; Romer, David Journal of Money, Credit & Banking, Vol. 35, No. 2, April
Survey Expectations, Rationality and the Dynamics of Euro Area Inflation This paper uses survey data in order to analyse and assess the empirical properties of consumers’ inflation expectations in the euro area and explores their role in explaining the observed dynamics of inflation. Inflation adjustment, or "deflation", is accomplished by dividing a monetary time series by a price index, such as the Consumer Price Index (CPI). The deflated series is then said to be measured in "constant dollars," whereas the original series was measured in "nominal .
The price index is applied to adjust the nominal value Q of a quantity, such as wages or total production, to obtain its real value. The real value is the value expressed in terms of purchasing power in the base year.. The index price divided by its base-year value, /, gives the growth factor of the price index. Real values can be found by dividing the nominal value by the growth . To answer these questions, this book examines how macroeconomic policy adjustments affect individual voters in financially open economies and argues that the anticipation of these distributional effects influences policy makers' decisions about the timing and the type of reform.
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Lybek () argues that higher degree of autonomy of Central Banks of Baltic States and other former Soviet Union appears to be positively correlated with lower average inflation. In sum, the issues of inflation dynamics and nominal adjustment appear of key importance for future economic developments in the Baltic by: Inflation dynamics and nominal adjustment in the Baltic States.
Author links open overlay panel Jaan Masso a Karsten Staehr b. Show more. The paper seeks to explain the inflationary dynamics in the Baltic countries since the mids. Single-equation estimations generally yield poor results, while panel data estimations provide Cited by: Downloadable.
The paper seeks to explain the inflationary dynamics in the Baltic countries since the mids. While single-equation estimations generally yield poor results, panel data estimations provide statistically and economically satisfactory findings. Our main result is that the observed gradual disinflation can to a large extent be explained by adjustment to international.
Request PDF | Inflation dynamics and nominal adjustment in the Baltic States | The paper seeks to explain the inflationary dynamics in the Baltic. Masso, Jaan and Sthaer, Karsten, Inflation Dynamics and Nominal Adjustment in the Baltic States (Janu ).
University of Tartu Faculty of Economics and Business Administration Working Paper No. Cited by: INFLATION DYNAMICS AND NOMINAL ADJUSTMENT IN THE BALTIC STATES. Abstract. The paper seeks to explain the inflationary dynamics in the Baltic countries since the mids.
While single-equation estimations generally yield poor results, panel data estimations provide statistically and economically satisfactory findings. Stringent fixed. However, inflation remained higher than in more advanced economies. The economies of the Baltic countries underwent multiple structural changes within a short time period, complicating any determination of the effects of inflation factors.
Continuous economic adjustment to the rules of the market economy together with the accession to. Inflation Dynamics and Nominal Adjustment in the Baltic States. Kirje Masso, J.; Staehr, K. Inflation Dynamics and Nominal Adjustment in the Baltic States.
Tartu: Tartu University Press. Publikatsiooni tüüp raamat/monograafia Autorid, kellel on ETISe konto Jaan Masso (Autor) Karsten Staehr (Autor).
Masso, J.; Staehr, K. Inflation Dynamics and Nominal Adjustment in the Baltic States. Research in International Business and Finance, 19 (2), − Thus, PPP is unlikely to hold in LDCs and also high inflation has adverse effect to PPP. Moreover, the same author, Holmes (), also works on twenty five LDCs with a.
Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link). Jaan Masso & Karsten Staehr, "Inflation Dynamics And Nominal Adjustment In The Baltic States," University of Tartu - Faculty of Economics and Business Administration Working Paper Ser Faculty of Economics and Business Administration, University of Tartu (Estonia).
Inflation dynamics and nominal adjustment in the Baltic States Research in International Business and Finance,19, (2), View citations (10) See also Working Paper () Reforms and Economic Growth in Transition Economies: Complementarity, Sequencing and.
problems still subsist. In particular the importance of temporary price markdowns to inflation dynamics and the characteristics of the information set price-setters use for their price adjustment decision currently constitute unresolved issues.
Key Words: Inflation dynamics, New Keynesian model, sticky prices. JEL Classification: E30, E50, E Näitus "Ennistatud kultuuriväärtusi": kataloog, Tartu-Tallinn, Illustrator: Endel Valk-Falk, Compiler: Räni Laanmaa, Author: Tartu Riiklik Ülikool, Tartu Kunstimuuseum, Eesti NSV Teaduslik-Tehniline Ühing, näitus Ennistatud kultuuriväärtusi.
Example of Inflation-Adjusted Return. Assume an investor purchases a stock on Jan. 1 of a given year for $75, At the end of the year, on.
inflation dynamics and nominal adjustment in the baltic states jaan masso and karsten staehr old-age pension reform in estonia on the basis of the world bank’s multi-pillar approach liina kulu and janno reiljan effects of foreign banks entry on bank performance in the cee countries janek uiboupin.
> BOOKS > NATURAL AND EXACT SCIENCES > PHYSICS. Belongs to series TALLINNA TEHNIKAÜLIKOOLI VÄITEKIRJAD. View. Downloaded 0 times. Available at the authorised workplace in the National Library of Estonia, Archival Library of the Estonian Literary Museum, Tallinn University of Technology Library and University of Tartu Library.
taxation, partial deductibility of mortgage interest payments, nominal convergence and rather underdeveloped rental markets. Chart 1: Nominal housing prices in the Baltic States and the euro area (y-o-y % change) Source: ECB.
A strong correction in house prices started in and was particularly. Masso, J., & Staeher K. Inflation dynamics and nominal adjustment in the Baltic States.
Research in International Business and Finance, 19(2), Go to original source Metal Miner (). 3 Reasons Why Aluminum Prices Will Rise in. Nominal wage inflation is a crucial component of price inflation, while real wages importantly influence the demand for labour and for other factors of production.
More generally, the way in which nominal wages are set is an important determinant of whether or not there is any short- or longer-run trade off between inflation and employment.dynamics of inflation across the three Baltic countries is remarkably similar and points to the possibility that the reasons for the inflation surge in are the same, while the still quite different levels of inflation rates may be explained by differences among the countries (see section 4).
3 Sectoral decomposition of inflation.The hypothesized trade-off relationship between inflation rate and unemployment rate has been known as the “Phillips curve”. Though the Phillips curve has played an important role in the decision-making process on macroeconomic policy, there have been critics who doubted the existence of the “Phillips curve”.
Despite a number of studies on the Phillips curve, there has .