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  1. Inflation and energy price shocks
    lessons from the 1970s
    Erschienen: [2023]
    Verlag:  Banca d'Italia, [Rom]

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 547
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 790 (July 2023)
    Schlagworte: economic history; inflation; oil shocks; monetary policy; wage indexation; fiscalpolicy; central bank independence
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  2. What caused the post-pandemic era inflation in Belgium?
    replication of the Bernanke-Blanchard model for Belgium
    Erschienen: [2024]
    Verlag:  National Bank of Belgium, Brussels

    This paper reports the estimation and simulation of the Bernanke and Blanchard (2023) model on Belgian data. The model offers a consistent framework that ties together wage growth, inflation expectations and price inflation. It is used to study the... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 546
    keine Fernleihe

     

    This paper reports the estimation and simulation of the Bernanke and Blanchard (2023) model on Belgian data. The model offers a consistent framework that ties together wage growth, inflation expectations and price inflation. It is used to study the surge and persistence of inflation in the post-pandemic period in Belgium. According to the model, a sequence of shocks to product shortage, energy and food components is found to be the main reason behind the duration of high Belgian inflation in this period. Though the Belgian replication of the model predicts sensitive short-term inflation expectations to realised inflation, a large wage catch-up - reflecting automatic wage indexation - and some role for labour market tightness in wage growth, their contribution to a persistent inflation is strongly attenuated by a weak estimated wage-price pass-through.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper research / National Bank of Belgium ; no 447 (March 2024)
    Schlagworte: inflation; wage indexation; inflation expectations; shortages; energy prices; food prices
    Umfang: 1 Online-Ressource (circa 78 Seiten), Illustrationen