Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 384
Book Description
Inflationary Impact of Pricing by Concentrated Industries
Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 384
Book Description
Inflationary Impact of Pricing by Concentrated Industries
Author: United States. Congress. Joint Economic CommitteePublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 276
Book Description
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
The Inflationary Impact of Unemployment
Author: Michael M. WachtelPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 52
Book Description
Inflation
Author: United States. Congress. Joint Economic Committee. Subcommittee on Consumer EconomicsPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 1172
Book Description
Achieving Price Stability Through Economic Growth
Author: United States. Congress. Joint Economic CommitteePublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 156
Book Description
The Antitrust Improvements Act of 1975
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and MonopolyPublisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 860
Book Description
International Dimensions of Monetary Policy
Author: Jordi GalíPublisher: University of Chicago Press
ISBN: 0226278875
Category : Business & Economics
Languages : en
Pages : 663
Book Description
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Business Pricing and Inflation
Author: Malcolm C SawyerPublisher: Springer
ISBN: 1349031666
Category : Business & Economics
Languages : en
Pages : 127
Book Description
What is the Impact of Increased Business Competition?
Author: Sónia FélixPublisher: International Monetary Fund
ISBN: 1513521519
Category : Business & Economics
Languages : en
Pages : 57
Book Description
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.