Business cycle

What does new micro price evidence tell us about inflation dynamics and monetary policy transmission?

Retrieved on: 
Thursday, April 25, 2024
Online, Sun, High, Quarterly Journal of Economics, Printing, Inflation, Data set, PRISMA, Journal of Political Economy, Research, Euro, Business, ECB, Shock, Quarterly Journal, Policy, IPN, Section 4, Bank of Lithuania, Journal, Bank of France, Human, Journal of Monetary Economics, Textbook, Food, American Economic Journal, Business cycle, Princeton University Press, Element, Consumer, CPI, Forecasting, Growth, Environment, Political economy, Monetary economics, Bank, Rest, Mistake, HICP, Price, Heart, Daily, Geography, Data, Collection, Probability, Supermarket, Retail

To understand inflation dynamics, it is necessary to analyse how often and by how much individual prices change.

Key Points: 
  • To understand inflation dynamics, it is necessary to analyse how often and by how much individual prices change.
  • This article discusses what micro price data gathered by the European System of Central Banks’ Price-setting Microdata Analysis Network (PRISMA) tell us about the way firms set their prices.

Monetary asmmetries without (and with) price stickiness

Retrieved on: 
Friday, April 19, 2024
Online, University, Public Security Section 9, Employment, Calibration, Small, Equity, Volume Ten, Research Papers in Economics, Policy, A.4, Communication, Crisis, Mass, Silvana Tenreyro, Business, Shock, Intuition, Business cycle, TFP, Volume, European Economic Review, Marginal value, SME, NBER, Forecasting, Depression, 3rd millennium, European Economic Association, Conceptual model, Journal of Monetary Economics, Insurance, Harmonization, Great Depression, CES, Economic Inquiry, Paper, Environment, Political economy, Journal of Financial Economics, MIT, University of York, COVID-19, Behavior, Review of Economic Dynamics, Rigid transformation, Website, Access to finance, Accounting, Working paper, Probability, Total, Appendix, Section 8, Quarterly Journal of Economics, Zero lower bound, Curve, Chapter, Cost, Nominal, Journal of Political Economy, Euro, PDF, ECB, Unemployment, Hoarding, STAT, Economic Policy (journal), Household, Canadian International Council, Social science, Government, Federal Reserve Bank, JEL, Journal, Textbook, Missing, Food, Private sector, A.5, Asymmetric, The Journal of Finance, Credit, Speech, Princeton University Press, Literature, NK, European Central Bank, Growth, Labour, Monetary economics, Loss aversion, Financial intermediary, Injection, Elasticity, Inventory, Subprime lending, Ben Bernanke, Finance, BIS, Phillips curve, International Economic Review, Money, London School of Economics, Marginal product of labor, Pruning, Marginal product, The Economic Journal, Rate, Aswath Damodaran, Risk, OECD, Competition (economics), Section 4, MIT Press, Consumption, Bond, Section 3, Yield curve, Loanable funds, Habit, Cobb–Douglas production function, Economy, Aarhus University, Financial economics, Section 2, Conference, Central bank, Chapter Two, Monetary policy, Capital, Hartman–Grobman theorem, CEPR, Framework, American Economic Review, Capital Markets Union, ZLB, Exercise, Liquidity, Interest, Intensive word form, Workshop, European Commission, Macroeconomic Dynamics, Population growth, B1, Response, Quarterly Journal, Community business development corporation, GDP, E31, Control, Journal of Economic Theory, Christian Social Union (UK), T2M, Hamper, Data, American Economic Journal, Aggregate, Konstantinidis, B.1, A.9, A.6, Remuneration, Civil service commission, EUR, Uncertainty, Motivation, A.7, Bank, GFC, Section 13, Motion, Reproduction, IMF, Staggers Rail Act, Abstract, Tale, Handbook, Asymmetry, Stanford University, Communications satellite
Key Points: 

    Unlocking efficiency: optimal monetary policy when capital misallocation matters

    Retrieved on: 
    Friday, April 19, 2024
    Commitment, Statistics, European Central Bank, Central bank, Face, Science, Grimm, ECB, Benigno, Journal, Policy, American Economic Journal, TFP, International Monetary Fund, American Economic Association, Business cycle, Fornaro, Interest, Princeton University Press, Directorate, American Economic Review, Literature, New Keynesian economics, Timeless, NBER

    While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.

    Key Points: 
    • While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.
    • Using a New Keynesian model and granular data on Spanish firms, our results show that expansionary monetary policy reduces capital misallocation.

    Isabel Schnabel: The future of inflation (forecast) targeting

    Retrieved on: 
    Thursday, April 18, 2024
    Reproduction, Exercise, Finance, Journal of Economic Perspectives, Calibration, Frankfurt, Empirical evidence, American Economic Association, Great Moderation, Interest, Inflation, Norges Bank, Policy, Bank, The Economic Journal, Speech, Employment, ECB, Risk, University of Chicago Press, Communication, Sveriges Riksbank, Debate, OECD, European Economic Review, Watcher, Economic Policy (journal), Goethe University Frankfurt, Federal Reserve Bank, Depression, Christian Social Union (UK), Climate change, Projection, IPhone, Intelligence, Agriculture, Bias, Journal, Research, Disinflation, Harvard Business School, University, Food, Business cycle, Bank of England, European Central Bank, The, American Economic Journal, Uncertainty, Attention, Finance Secretary (India), Conference, Forecasting, Growth, Rotation, Environment, Reserve Bank, Federal, COVID-19, Washington, D.C., Metal, HICP, Federal Reserve, Working paper, American Economic Review, Cryptocurrency

    Stock market development and familiarity (language and distance) are considered key determinants for home bias.

    Key Points: 
    • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
    • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

    Transactional demand for central bank digital currency

    Retrieved on: 
    Thursday, April 18, 2024
    POS, Learning, CB, E41, Calibration, Financial regulation, Interest, ATM, Oesterreichische Nationalbank, Journal of Macroeconomics, Sensitivity, Diffusion, ITunes, Bank of Canada, P2P, Safety, NBER, Benchmarking, Prevalence, SPACE, Bernoulli, Journal of Monetary Economics, E42, Paper, European Parliamentary Research Service, Apollo, Environment, Political economy, COVID-19, Review of Economic Dynamics, Abramov, Loss, Working paper, Choice, Collection, Probability, Dowd, Castrén, Face, Noise, History, Restaurant, Journal of Political Economy, ECB, Policy, Diary, Model, Utility, Clutch (eggs), Canadian International Council, Journal of Financial Stability, JEL, Digital, Bias, Journal, Research, Classification, CBDC, SARS-CoV-2, ECMI, Credit, Odds ratio, Literature, European Central Bank, Mises Institute, Monetary economics, Section 5, Occupation, E47, Financial intermediary, Government, Supermarket, Friction, Finance, BIS, Love, Bart, The Economic Journal, Education, Risk, Section 4, Privacy, Section 3, Appetite, App Store (iOS/iPadOS), Human, DNB, International finance, Section 2, Leonhard Euler, Payment, Attention, Central bank, Consumer, EPRS, Habit, American Economic Review, Confidence interval, FCO, Central bank digital currency, Exercise, Letizia, Applied economics, Digital currency, Sale, Business cycle, Amazon, Community business development corporation, Control, Chart, Proxy, American Economic Journal, LN, Bank, Fintech, IMF, Analysis, Aggregation, Cryptocurrency
    Key Points: 

      US monetary policy is more powerful in low economic growth regimes

      Retrieved on: 
      Tuesday, April 2, 2024
      Tao, Research Papers in Economics, Excess, American Economic Journal, Doan, Policy, RT, Interpolation, Economic growth, Absorption, Business, E32, Low, Browning, European Economic Review, UST, NBER, Forecasting, Macroeconomics, European Economic Association, Journal of Monetary Economics, Journal of Applied Econometrics, TVAR, Oxford University Press, Time series, Economic Inquiry, Paper, Linearity, Joshua Angrist, Nobuhiro, Environment, Political economy, Journal of Financial Economics, Rated R, R2, Website, Emi, Energy economics, Probability, Medical classification, Eurozone, Sigismund, Quarterly Journal of Economics, Zero lower bound, History, Nature, Chapter, ZT, Journal of Political Economy, Bocconi University, OLS, Statistics, University of California, Irvine, PDF, Classification, ECB, XS, ITP, Impact, Estimation, DGP, Mark Thoma, Social science, Elsevier, JEL, Cambridge University Press, Real, M1, Research, Textbook, Private sector, FED, Credit, UTT, Literature, Federal Reserve, Knotek, Evelyn Regner, Table, European Central Bank, Chow, FRED, Monetary economics, Wald, Ben Bernanke, Premium, P500, BIS, EWMA, International Economic Review, Federal funds rate, Money, Treasury, C32, The Economic Journal, Federal Reserve Economic Data, Employment, Risk, FFR, Suggestion, FOMC, Monte Carlo method, Sigmoid, VAR, Database, Projection, Ascari, The Journal of Finance, Yield curve, United States Treasury security, Economy, Fed, Figure, NFCI, Financial economics, EXP, Freedom, Central bank, PCE, Monetary policy, American Economic Review, Exercise, Interest, Samuel, URR, Rigidity, Business cycle, XT, Landing slot, Chap, Daron Acemoglu, Markov, Blue chip, Kuttner, Response, Quarterly Journal, YT, Channel, GDP, Standard, Effect, Federal, Cost, Christian Social Union (UK), Journal of Econometrics, Comm, Mark Gertler, Use, Economic statistics, IW, Bank for International Settlements, Finance Secretary (India), UC, Bank, Reproduction, Section, News, Housing, Data, Food industry
      Key Points: 

        The effect of new housing supply in structural models: a forecasting performance evaluation

        Retrieved on: 
        Sunday, February 4, 2024
        BET, Section 2, Model, XT, CIT, LTV, Forecasting, Total, Bank, RT, Elasticity, GDP, Website, University of Chicago Press, Process control block, Fiscal, Reproduction, University, WTP, Johns Hopkins University Press, E32, Faculty, Writing, KMR, Monetary economics, Household, Root mean square, YT, GFC, Language, VAR, A6, Motivation, Growth, PLT, Hartman–Grobman theorem, Research, House, Observation, Friction, Section 4, Classification, Macroeconomic model, BAA, AP, Kálmán, Odyssean Wicca, Parameter, Blue chip, A5, HPT, Mark Gertler, Learning, Smets, Inflation, ECB, Q2, Trade, CE, Hit, SPF, Review of Economic Dynamics, ZBW, Kolasa, LTM, R21, Patient, Prior, Shock, Movement, ZT, Australasian, M1, Lens, Great, Nobuhiro, European Central Bank, Estimator, Policy, LTI, COVID-19, Attention, HP, Feedback, Goethe University Frankfurt, International Journal of Forecasting, Federal Reserve, Federal Reserve Bank, Behavior, Health, Blue Chip Economic Indicators, Inverse, Zero lower bound, The Blue, Journal of Applied Econometrics, Economic forecasting, Matrix, Economy, Federal, R31, LTP, Chinese Blackjack, WTI, CES, Sim, Bit, Section 5, Capital market, Quantitative Economics, Credit, Motion, Central bank, Journal of Political Economy, Political economy, Taylor & Francis, Journal of Monetary Economics, Act, Binning, CPT, DPT, Point, MCMC, RealTime, Literature, Metropolis–Hastings algorithm, ZLB, TFP, Research Papers in Economics, Del Negro, GBT, Communication, Kalman filter, Markov, Cycle, Business cycle, Eurozone, DFF, PDF, Filter, Medical classification, American Economic Journal, Demand shock, Comparison, Employment, KTEH, Cobb–Douglas production function, Nonprofit organization, Sampler, PTW, Par, Liquidity trap, Paper, Nominal interest rate, QT, Exercise, Monetary policy, RTD, Interest rate, A7, University of Cambridge, Control, Statistics, Posterior, Pressure, American Economic Review, E37, Financial intermediary, Social science, Basel II, Delphic, Depreciation, European Economic Review, HPD, Ai, Calendar, E17, Government, Journal of Econometrics, HTM, Freedom, LTE, Probability, Face, Calibration, Oxford University Press, New Keynesian economics, Sun, HH, Me, Uncertainty, FPI, Production, Dynamics, Handbook, Real estate
        Key Points: 

          Forecasting euro area inflation with machine-learning models

          Retrieved on: 
          Wednesday, January 3, 2024
          Medeiros, Chapter Two, Forecasting, Economy, Inflation, Linearity, Directorate, Uncertainty, Machine learning, Coronavirus, Chart, Travel, Information, HICP, NBER, Economics, Business, Random forest, Prevalence, Speech, Unemployment, SPF, Eurozone, Journal, Giannone, EDS, QRF, Central bank, Business cycle, Linear model, Great Recession, European Central Bank, American Economic Journal, Time, Shapley, ECB, Economic statistics, Euro, Policy, Macroeconomics, Global recession, Nickel, Role, COVID-19, International Economic Review, Orientation, Canadian International Council, Conceptual model, Textile

          The strategy review concluded in 2021 highlighted how most Eurosystem models used to forecast inflation are linear.

          Key Points: 
          • The strategy review concluded in 2021 highlighted how most Eurosystem models used to forecast inflation are linear.
          • Linear models assume that changes in, for example, wages, always have the same fixed, proportional effect on inflation.

          MIT Sloan CFO Summit Presents “Delivering Results” with CFOs from Delta Airlines, GE, Honeywell, Johnson & Johnson and Pfizer

          Retrieved on: 
          Wednesday, September 6, 2023
          Professional Services, Education, Business, Technology, Finance, Continuing, Internet, Wolk, Senior, Martin Trust Center for MIT Entrepreneurship, Pfizer, Business cycle, HubSpot, MIT, Doctor of Philosophy, Berkshire, CFOS, Creativity, Bloomberg News, Freight Farms, Squarespace, Senior lecturer, Aspen Technology, MIT Sloan School of Management, Honeywell, CFO, Faculty, Knowledge, Johnson & Johnson, Management, Entrepreneurship, Delta

          The MIT Sloan CFO Summit , the premier conference for CFOs, celebrates its 21st anniversary connecting financial leaders across a broad mix of business structures, stages and sectors.

          Key Points: 
          • The MIT Sloan CFO Summit , the premier conference for CFOs, celebrates its 21st anniversary connecting financial leaders across a broad mix of business structures, stages and sectors.
          • The nation’s preeminent one-day CFO conference, to be held Tuesday, November 14, 2023, attracts 400+ CFOs and senior financial executives.
          • “Just as CFOs are very deliberate in the steps they take to lead their companies, so too are we very attentive in setting the agenda for the CFO Summit,” said Jeremy Seidman , Chair of the MIT Sloan CFO Summit.
          • Closing keynote with Jonathan Fleming, Senior Lecturer, Trust Center for MIT Entrepreneurship in conversation with David Denton, Chief Financial Officer and Executive Vice President, Pfizer Inc.

          Monetary policy and housing investment in the euro area and the United States

          Retrieved on: 
          Thursday, May 18, 2023
          Journal of the European Economic Association, Housing, Prevalence, Franklin American Mortgage Championship, Coronavirus, Fannie Mae, OECD, S, Conference proceedings, Federal Reserve Bank of Kansas City, Economics, Journal, Federal Reserve Bank, Face, Contract, Policy, Shock, Freddie Mac, Applied Economic Perspectives and Policy, Lesson, ECB, Journal of Macroeconomics, Issue 1, Interest, Growth, Credit, Business cycle, International, European Economic Association, COVID-19, Journal of Money, Credit and Banking, N, Government, Journal of Banking and Finance, Journal of Economic Perspectives, United, Journal of Housing Economics, A, Money, BVAR, Journal of Applied Econometrics, Estrella, GDP, GSE, Bookkeeping, Real estate, Textile, Atlantic Ocean, Corsetti, Green, Battistini
          Key Points: