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Domestic Inflation (domestic + inflation)
Selected AbstractsExchange rate and foreign price effects on UK inflationECONOMIC OUTLOOK, Issue 2 2002Graeme Chamberlin The issue of incomplete pass-through from exchange rate changes to domestic inflation has received considerable attention. Most models try to account for this by using a variety of assumptions about the costs of changing prices. These suggest complete pass-through, but only after the possible elapse of a considerable delay. In contrast, in this article Graeme Chamberlin and Brian Henry provide evidence that exchange rate effects on inflation may be non-linear and, more specifically, subject to thresholds. Their tentative results suggest this may be important in describing price-setting behaviour in the UK. [source] The arithmetic of defence policyINTERNATIONAL AFFAIRS, Issue 3 2001Michael Alexander The Kosovo campaign of 1999 demonstrated unambiguously the weakness of European military forces. Recognition of the consequences of this lack of capability has put new vigour into the European defence debate. Yet decline in military capability is systemic in every European country. The Helsinki goals will do nothing to address this decline. National defence budgets over the past 15 years have been decreasing in real terms. Even if current aspirations to hold military spending levels were to be achieved, the decline in capabilities would continue. Military equipment and personnel costs rise faster than domestic inflation, and therefore fewer people and weapons systems can be afforded each year. There is no prospect of significant uplifts in defence budgets in Europe, despite the acknowledged need for a range of expensive enabling capabilities for post-Cold War operations. Palliative measures now on trial are unlikely to have a major impact. The only option for European nations is a progressive integration of their forces to realize the economies of scale that would allow effectiveness to be maintained. There are opportunities for initiatives that would produce short-term pay-offs. Despite the severe political difficulties of a long-term plan for integration, the alternative is worse. Trying to maintain sovereignty in defence provision will mean that the nations of Europe will eventually be unable either to meet the requirements of even their most modest security needs or to exercise any influence over US defence and security policies. [source] Monetary policy and exchange rate pass-through,INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 4 2004Joseph E. Gagnon Abstract The pass-through of exchange rate changes into domestic inflation appears to have declined in many countries since the 1980s. We develop a theoretical model that attributes the change in the rate of pass-through to increased emphasis on inflation stabilization by many central banks. This hypothesis is tested on 20 industrial countries between 1971 and 2003. We find widespread evidence of a robust and statistically significant link between estimated rates of pass-through and inflation variability. We also find evidence that observed monetary policy behaviour may be a factor in the declining rate of pass-through. Published in 2004 by John Wiley & Sons, Ltd. [source] A Survey of Exchange Rate Pass-Through in AsiaASIAN-PACIFIC ECONOMIC LITERATURE, Issue 2 2007Amit Ghosh Exchange rate pass-through (ERPT) refers to the transmission of exchange-rate changes into import (export) prices of goods in the destination-market currency as well as into aggregate domestic prices. This paper examines the analytical and empirical literature on ERPT with particular reference to Asia. It is generally believed that Asian economies are potentially susceptible to ERPT into domestic inflation since they are highly trade-dependent. Particular attention is paid to production sharing,a key characteristic of Asian trade,and its implications for ERPT. [source] | ||||||||||