Direkt zur Hauptnavigation springen Direkt zum Inhalt springen
info(at)avldigital.remove-this.de
Deutsch English
Letzte Suchanfragen

Ergebnisse für *

Zeige Ergebnisse 1 bis 4 von 4.

  1. Inflation and the gig economy
    have the rise of online retailing and self-employment disrupted the Phillips curve?
    Autor*in: Duca, John V.
    Erschienen: November 16, 2018
    Verlag:  Federal Reserve Bank of Dallas, Research Department, Dallas

    During the recovery from the Great Recession, inflation did not reach the central bank's 2 percent objective as quickly as many models had predicted. This coincided with increases in online shopping, which arguably made retail markets more... mehr

    Zugang:
    Verlag (kostenfrei)

    Standort:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe

     

    During the recovery from the Great Recession, inflation did not reach the central bank's 2 percent objective as quickly as many models had predicted. This coincided with increases in online shopping, which arguably made retail markets more contestable and damped retail inflation. This hypothesis is tested using data on the online share of retail sales, which are incorporated into an econometric model. Results imply that the rise of online retail has flattened the Phillips Curve, reducing the sensitivity of inflation to unemployment rate changes. Improvement in fit from just including the online share is tiny—so far. Other results indicate that market-based price indexes are more sensitive to unemployment than measures such as core PCE, which puts a sizable weight on items with imputed prices that may slowly adjust to market conditions. Further, measures of online sales that internalize substitution between online and traditional mail order sales better help track the impact of online sales on inflation dynamics. A complementary factor is the "gig" economy and the rise of self-employment, which by reducing the bargaining power of labor, could lower the natural rate of unemployment. Model performance and fits are improved using a hybrid approach in which the rise of online sales can flatten the slope of the Phillips Curve by reducing retail pricing power and the prevalence of gig or self-employment can lower the natural rate of unemployment. By omitting important structural changes in both goods and labor markets, conventional Phillips Curve models have failed to track how the rise of online retailing has flattened the Phillips Curve and how the rise of the gig economy (self-employment) has lowered the natural rate of unemployment. One notable difference between the price-price and wage-price results is that the combined effects of online shopping and self-employment are more notable on wage inflation than on price inflation. This could plausibly reflect that improvements in information technology may have undermined the pricing power of workers in labor markets to a greater degree than they have affected the pricing power of producers in goods markets

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Federal Reserve Bank of Dallas, Research Department ; 1814
    FRB of Dallas Working Paper ; No. 1814
    Schlagworte: gig economy; self-employment; online sales; inflation; unemployment; wages; Phillips Curve
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  2. Alternative methods for interpolating PPPs
    Autor*in: Diewert, Walter E.
    Erschienen: October 8, 2018
    Verlag:  Vancouver School of Economics, University of British Columbia, Vancouver, B. C., Canada

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    Keine Speicherung
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Discussion paper / Vancouver School of Economics, University of British Columbia ; 18, 07
    Schlagworte: Purchasing Power Parities; PPPs; ICP; OECD country statistics; inflation; price and volume indexes; Fisher indexes; Pseudo Fisher indexes; country competiveness
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  3. Endogenous growth and real effects of monetary policy
    R&D and physical capital complementarities in a cash-in-advance economy
    Autor*in: Iglésias, Gustavo; Gil, Pedro Mazeda
    Erschienen: [2018]
    Verlag:  Centro de Economia e Finanças da UP, [Porto]

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Cef.up working paper ; 2018, 02
    Schlagworte: ndogenous growth; R&D; physical capital; inflation; money,cash-in-advance; firm size
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  4. The global component of inflation volatility
    Autor*in: Carriero, Andrea; Corsello, Francesco; Marcellino, Massimiliano
    Erschienen: [2018]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 450
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1170 (April 2018)
    Schlagworte: inflation; volatility; global factors; large datasets; multivariate autoregressive index models; reduced rank regressions; forecasting
    Umfang: 1 Online-Ressource (circa 72 Seiten), Illustrationen