Inflation target credibility in times of high inflation

Coleman, Winnie; Nautz, Dieter

doi:10.1016/j.econlet.2022.110930

Cited by 9 publications

(5 citation statements)

References 10 publications

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“…34 Coleman and Nautz (2023) present evidence that the share of German households with longer-term inflation expectations above 2 percent has already risen significantly in 2021 and 2022. 35 The estimated 𝛾 is 0.985 for the period from the first quarter of 2001 to the second quarter of 2008, which suggests that anchoring was also slightly weaker at start of the euro era than subsequently.…”

Section: Counterfactual Inflation Expectation Effectsmentioning

confidence: 88%

Unconventional Fiscal Policy in Times of High Inflation

Dao

2023

IMF Working Papers

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for valuable comments. We thank Michal Andrle for providing us with weighted median inflation data for the euro area and Antoine Boiron for providing us with estimates of market reference prices for gas and electricity from the French Energy Regulatory Commission. Ignacio Gallardo, Mona Wang, and Canran Zheng provided excellent research assistance. Rebecca Eyassu provided excellent editorial support.

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Section: Counterfactual Inflation Expectation Effectsmentioning

confidence: 88%

Unconventional Fiscal Policy in Times of High Inflation

Dao

2023

IMF Working Papers

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“…Во-первых, это определение влияния метода таргетирования на отдельные параметры или сферы экономики: величину инфляции [13], частные инвестиции [14,15], финансовую или макроэкономическую стабильность, формирующиеся рынки, окружающую среду [16][17][18] и др.…”

Section: методология исследованияunclassified

Inflation Targeting: Eliminating Economic Growth and Structural Deformation in Russia

Sukharev,

Voronchikhina

2024

jour

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The paper examines the impact of the inflation targeting policy as a basic component of the government’s general anti-inflationary measures on economic growth and the structure of the Russian economy. The purpose of the study is to identify the impact of targeting policy in Russia on the rate of economic growth and the structure of the economy, represented by aggregated sectors — manufacturing and transactional raw materials. The research methodology consists of empirical-statistical structural, index methods of analysis, econometric modeling, reduced to the construction of factor models by type of production functions. Taking into account these methods, an algorithm has been developed to assess the impact of price dynamics and its targeting on macroeconomic dynamics and structure of the economy. Following this algorithm allowed, on the one hand, to give measurable estimates of the impact of consumer and industrial prices on general inflation in the country, and of inflation itself on GDP dynamics, on the other hand, to determine the degree of deformation of the structure of the Russian economy under the influence of inflation targeting policy. The main result of the study is that the large role of the transactional raw material sector in generating inflation and the fact that the introduction of targeting as a method of inflation suppression policy fixes the structure of the economy, slowing down development, which also affects growth towards its slowdown, is confirmed. Thus, a moderately restrictive monetary policy slows down growth and deforms the economic structure. The prospect of applying the results is that a change in inflation targeting policy, as well as an approach that assesses the impact of price dynamics on economic growth and its structure, which should lead to the justification of flexible ranges of inflation targets and the targeting of nominal GDP as a policy goal, taking into account the necessary change in the sectoral economic structure. In theoretical terms, future research on the adsorption of the money supply by the economic structure and determining the impact of such absorption on price dynamics is important.

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“…Or "upgrade constantly in prices goods and services in a manner general during period significant time". Inflation is also interpreted as "an increase constantly in prices generally associated with growth monetary excess" (Coleman & Nautz, 2023).…”

Section: Inflationmentioning

confidence: 99%

Influence Economic Growth, Inflation and Decentralization Fiscal to Inequality Regional Income

Safina

2023

JICP

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This study aims to find out influencer of economic growth, inflation and decentralization fiscal to inequality regional income. This research uses approach explanatory research. The population in this study were 33 districts/cities in North Sumatra. Retrieval technique sample used is purposive sampling method with the selected sample as many as 10 city regencies. Data analysis used is partial least square analysis. Research results obtained that economic growth effect to inequality regional income. Based on results study obtained that inflation has no effect against inequality income area. Based on results study obtained that decentralization fiscal influential against inequality income area.

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Inflation target credibility in times of high inflation

Cited by 9 publications

References 10 publications

Unconventional Fiscal Policy in Times of High Inflation

Unconventional Fiscal Policy in Times of High Inflation

Inflation Targeting: Eliminating Economic Growth and Structural Deformation in Russia

Influence Economic Growth, Inflation and Decentralization Fiscal to Inequality Regional Income

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