Inflation Expectations And The Supply Chain

Inflation Expectations And The Supply Chain Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Inflation Expectations And The Supply Chain book. This book definitely worth reading, it is an incredibly well-written.

Inflation Expectations and the Supply Chain

Elías Albagli,Mr. Francesco Grigoli,Emiliano Luttini
Inflation Expectations and the Supply Chain Book PDF

Author : Elías Albagli,Mr. Francesco Grigoli,Emiliano Luttini
Publisher : International Monetary Fund
Page : 42 pages
File Size : 47,8 Mb
Release : 2022-08-12
Category : Business & Economics
ISBN : 9798400214752

Get Book

Inflation Expectations and the Supply Chain by Elías Albagli,Mr. Francesco Grigoli,Emiliano Luttini Pdf

We show that firms rely on price changes observed along their supply chain to form expectations about aggregate inflation, and that these expectations have a complete pass-through to sales prices. Leveraging a unique dataset on Chilean firms merging expectation surveys and records from the VAT and customs registries, we document that changes in prices at which firms purchase inputs inform their forecasts of the economy’s inflation. This is the case even if changes in input costs do not determine the inflation outcome. These findings reject the full-information rational-expectations hypothesis and are consistent with firms’ disagreement about future inflation and inattention to macroeconomic news, which we document for Chile. Our results from a firm-level Phillips’ curve estimation suggest that firms’ beliefs about inflation are a key determinant for their price-setting decisions. Therefore, we argue that the channel we highlight in this paper has the potential to lead to dispersion in inflation expectations, price dispersion, and weaken the expectation channel of policies.

Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa

Zo Andriantomanga,Marijn A. Bolhuis,Shushanik Hakobyan
Global Supply Chain Disruptions Challenges for Inflation and Monetary Policy in Sub Saharan Africa Book PDF

Author : Zo Andriantomanga,Marijn A. Bolhuis,Shushanik Hakobyan
Publisher : International Monetary Fund
Page : 41 pages
File Size : 55,6 Mb
Release : 2023-02-24
Category : Business & Economics
ISBN : 9798400235436

Get Book

Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa by Zo Andriantomanga,Marijn A. Bolhuis,Shushanik Hakobyan Pdf

The Covid-19 pandemic has led to a large disruption of global supply chains. This paper studies the implications of supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global supply chains and adjusting the monetary policy stance before the disruptions have fully passed through into all inflation components. The gains from monitoring supply chain disruptions are particularly large for open economies which tend to experience outsized second-round effects on the prices of non-tradable goods and services.

Inflation Expectations

Peter J. N. Sinclair
Inflation Expectations Book PDF

Author : Peter J. N. Sinclair
Publisher : Routledge
Page : 402 pages
File Size : 47,5 Mb
Release : 2009-12-16
Category : Business & Economics
ISBN : 9781135179779

Get Book

Inflation Expectations by Peter J. N. Sinclair Pdf

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

This Is Going to Hurt: Weather Anomalies, Supply Chain Pressures and Inflation

Mr. Serhan Cevik,Gyowon Gwon
This Is Going to Hurt Weather Anomalies Supply Chain Pressures and Inflation Book PDF

Author : Mr. Serhan Cevik,Gyowon Gwon
Publisher : International Monetary Fund
Page : 31 pages
File Size : 49,5 Mb
Release : 2024-04-05
Category : Business & Economics
ISBN : 9798400269523

Get Book

This Is Going to Hurt: Weather Anomalies, Supply Chain Pressures and Inflation by Mr. Serhan Cevik,Gyowon Gwon Pdf

As climate change accelerates, the frequency and severity of extreme weather events are expected to worsen and have greater adverse consequences for ecosystems, physical infrastructure, and economic activity across the world. This paper investigates how weather anomalies affect global supply chains and inflation dynamics. Using monthly data for six large and well-diversified economies (China, the Euro area, Japan, Korea, the United Kingdom, and the United States) over the period 1997-2021, we implement a structural vector autoregressive model and document that weather anomalies could disrupt supply chains and subsequently lead to inflationary pressures. Our results—based on high-frequency data and robust to alternative estimation methodologies—show that these effects vary across countries, depending on the severity of weather shocks and vulnerability to supply chain disruptions. The impact of weather shocks on supply chains and inflation dynamics is likely to become more pronounced with accelerating climate change that can have non-linear effects. These findings have important policy implications. Central bankers should consider the impact of weather anomalies on supply chains and inflation dynamics to prevent entrenching second-round effects and de-anchoring of inflation expectations. More directly, however, governments can invest more for climate change adaptation to strengthen critical infrastructure and thereby minimize supply chain disruptions.

DEMAND MANAGEMENT: Supply Constraints and Inflation

R.K. SHARMA
DEMAND MANAGEMENT Supply Constraints and Inflation Book PDF

Author : R.K. SHARMA
Publisher : Global India Publications
Page : 318 pages
File Size : 43,7 Mb
Release : 2009-12
Category : Production management
ISBN : 9380228333

Get Book

DEMAND MANAGEMENT: Supply Constraints and Inflation by R.K. SHARMA Pdf

This book presents the fundamentals for developing more reliable demand plans and schedules.It also shows what is necessary to build successful tradition partner relationships for demand collaboration.This book defines waht is reasonable to expect from a demand management process.It is our hope that the lesson shared in the book will stimulate improvements on how demand management is applied in your company and in the supply chains in which your company operates.

Shipping Costs and Inflation

Mr. Yan Carriere-Swallow,Mr. Pragyan Deb,Davide Furceri,Daniel Jimenez,Mr. Jonathan David Ostry
Shipping Costs and Inflation Book PDF

Author : Mr. Yan Carriere-Swallow,Mr. Pragyan Deb,Davide Furceri,Daniel Jimenez,Mr. Jonathan David Ostry
Publisher : International Monetary Fund
Page : 49 pages
File Size : 54,9 Mb
Release : 2022-03-25
Category : Business & Economics
ISBN : 9798400204685

Get Book

Shipping Costs and Inflation by Mr. Yan Carriere-Swallow,Mr. Pragyan Deb,Davide Furceri,Daniel Jimenez,Mr. Jonathan David Ostry Pdf

The Covid-19 pandemic has disrupted global supply chains, leading to shipment delays and soaring shipping costs. We study the impact of shocks to global shipping costs—measured by the Baltic Dry Index (BDI)—on domestic prices for a large panel of countries during the period 1992-2021. We find that spikes in the BDI are followed by sizable and statistically significant increases in import prices, PPI, headline, and core inflation, as well as inflation expectations. The impact is similar in magnitude but more persistent than for shocks to global oil and food prices. The effects are more muted in countries where imports make up a smaller share of domestic consumption, and those with inflation targeting regimes and better anchored inflation expectations. The results are robust to several checks, including an instrumental variables approach in which we instrument changes in shipping costs with an indicator of closures of the Suez Canal.

Demand Management, Supply Constraints and Inflation

Michael J. Artis
Demand Management Supply Constraints and Inflation Book PDF

Author : Michael J. Artis
Publisher : Unknown
Page : 312 pages
File Size : 51,6 Mb
Release : 1982
Category : Demand (Economic theory).
ISBN : UCAL:B4217411

Get Book

Demand Management, Supply Constraints and Inflation by Michael J. Artis Pdf

Monograph of essays examining economic theory trends relating to supply constraints, inflation and consumer demand management in UK economic policies - discusses labour supply, unemployment, absenteeism, normal-cost hypothesis of pricing, fiscal policy effects, the impact of public expenditure, wages, incomes policies, economic concentration and industrial structure, etc. Graphs and references.

The Great Inflation

Michael D. Bordo,Athanasios Orphanides
The Great Inflation Book PDF

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 52,8 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

Get Book

The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

World Economic Outlook, October 2022

International Monetary,International Monetary Fund. Research Dept.
World Economic Outlook October 2022 Book PDF

Author : International Monetary,International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 186 pages
File Size : 42,5 Mb
Release : 2022-10-11
Category : Business & Economics
ISBN : 9798400218439

Get Book

World Economic Outlook, October 2022 by International Monetary,International Monetary Fund. Research Dept. Pdf

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation.

Managing Inflation and Supply Chain Disruptions in the Global Economy

Akkucuk, Ulas
Managing Inflation and Supply Chain Disruptions in the Global Economy Book PDF

Author : Akkucuk, Ulas
Publisher : IGI Global
Page : 378 pages
File Size : 40,8 Mb
Release : 2022-08-15
Category : Business & Economics
ISBN : 9781668458785

Get Book

Managing Inflation and Supply Chain Disruptions in the Global Economy by Akkucuk, Ulas Pdf

As the COVID-19 pandemic comes to a close, inflation has revealed itself to be a major problem for all countries of the developed world. The problem has been exacerbated in developing nations, which had problems even before the pandemic. Energy prices have increased, and with the increase in transportation costs, it has been more difficult for many retailers to stock shelves as they did before the pandemic. It is understood by many that the rising prices and supply chain disruptions will likely not be temporary and must be managed by future executives. Managing Inflation and Supply Chain Disruptions in the Global Economy uncovers the many ways businesses can manage this new phenomenon. It discusses global crises and their effects on the global economy in terms of inflation and supply chain. Covering topics such as inflationist impact, crisis leadership, and deglobalization, this premier reference source is an essential resource for economists, supply chain specialists, government officials, consultants, business leaders and executives, logistics professionals, IT managers, students and educators of higher education, researchers, and academicians.

Monetary Policy in Interdependent Economies

Ioanna T. Kokores
Monetary Policy in Interdependent Economies Book PDF

Author : Ioanna T. Kokores
Publisher : Springer Nature
Page : 255 pages
File Size : 48,8 Mb
Release : 2023-10-04
Category : Business & Economics
ISBN : 9783031419584

Get Book

Monetary Policy in Interdependent Economies by Ioanna T. Kokores Pdf

This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation. The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it. Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.

World Economic Outlook, October 2023

International Monetary Fund. Research Dept.
World Economic Outlook October 2023 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 182 pages
File Size : 55,9 Mb
Release : 2023-10-10
Category : Business & Economics
ISBN : 9798400235801

Get Book

World Economic Outlook, October 2023 by International Monetary Fund. Research Dept. Pdf

The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring inflation to target, while fiscal consolidation is needed to tackle soaring debts. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.

NBER Macroeconomics Annual 2003

Mark Gertler,Kenneth S. Rogoff
NBER Macroeconomics Annual 2003 Book PDF

Author : Mark Gertler,Kenneth S. Rogoff
Publisher : MIT Press
Page : 436 pages
File Size : 51,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 0262572214

Get Book

NBER Macroeconomics Annual 2003 by Mark Gertler,Kenneth S. Rogoff Pdf

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.

World Economic Outlook, April 2024

International Monetary,International Monetary Fund. Research Dept.
World Economic Outlook April 2024 Book PDF

Author : International Monetary,International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 202 pages
File Size : 42,9 Mb
Release : 2024-04-16
Category : Business & Economics
ISBN : 9798400255892

Get Book

World Economic Outlook, April 2024 by International Monetary,International Monetary Fund. Research Dept. Pdf

The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022–23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year. Monetary policy should ensure that inflation touches down smoothly, while a renewed focus on fiscal consolidation is needed to rebuild room for budgetary maneuver and to ensure debt sustainability. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.

Iceland

International Monetary Fund. European Dept.
Iceland Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 90 pages
File Size : 45,6 Mb
Release : 2023-06-23
Category : Business & Economics
ISBN : 9798400246784

Get Book

Iceland by International Monetary Fund. European Dept. Pdf

Iceland has recovered from the shocks of recent years faster than envisaged and scarring from the pandemic is expected to be minimal. The recovery reflects pent-up demand from the pandemic, a rebound of the tourism industry, rapid immigration, and the fact that, unlike most European countries, Iceland experienced an improvement in its terms of trade in 2022. The economy is currently operating above potential. Absent an adjustment in policies, imbalances are likely to increase. Risks are tilted to the downside.