Inflation Announcements and Social Dynamics
نویسندگان
چکیده
منابع مشابه
Announcements and Credibility under Inflation Targeting
We inspect how inflation target announcements are instrumental in building central bank credibility and shaping the public’s inflation expectations. Investigating the role of announcements in two early adopters of inflation targeting by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements have a positive impact on how much attenti...
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In this paper we develop and estimate a new-Keynesian model of inflation and use it to investigate the hypothesis that prices in the UK are re-set more frequently during periods of high inflation. In the model, firms are assumed to condition their expectations on an optimally-selected but incomplete information set and we further assume that the probability that they will reset their price in a...
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Knowledge, friendship and social announcements continues a research line inaugurated by the same authors with Logic in the community and carried on with a series of papers on Epistemic Friendship Logic (EFL) whose general aim is to foster the analysis of “reasoning about knowledge and communication defined implicitely in terms of social relationships, most simply the binary relation of friendsh...
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Abstract In this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy New Keynesian Phillips Curve. This curve is derived and estimated for a developing oil-exporting economy suffering from Dutch Disease. This version of NKPC is an extension of Leith and Malley’s (2007) small open econom...
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This thesis looks at ways of measuring the inflation expectations of economic agents, by constructing a market-based measure from the inflation compensation of government bonds. Inflation compensation is defined as the difference in yields between nominal and index-linked government bonds leaving investors indifferent between holding the two. Inflation compensation is a true measure of expectat...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2321281