At the crossroads of inflation: analyzing Central Bank responses in noneconomic crises DOI
Ujkan Q. Bajra, Ardit Gjeçi, Simon Čadež

и другие.

Studies in Economics and Finance, Год журнала: 2024, Номер unknown

Опубликована: Ноя. 27, 2024

Purpose This study aims to thoroughly investigate the complexity of inflation dynamics in context two significant global crises, COVID-19 pandemic and ongoing geopolitical tensions Ukraine. The primary goal is examine effects several factors, such as interest rates, currency indices unemployment, on during extended periods noneconomic crises. Design/methodology/approach research uses a comprehensive data set spanning 75 months across USA Euro Area, using Generalized Method Moments two-step regression methodology for analysis. examines relationships between indices, unemployment (financial) rigorous approach offers nuanced understanding how these factors interact influence inflation. Findings highlights crucial role rates controlling Specifically, an rate increase over 1.75% negatively impacts inflation, with more substantial hikes having faster effect. analysis reveals minimal correlation devaluation emphasizing predominant rates. In addition, notable negative observed, indicating that higher tend coincide lower levels. Practical implications study’s findings offer valuable insights central banks policymakers tasked managing times crisis. By underscoring effectiveness adjustments limited depreciation, this provides critical guidance formulating effective monetary policy economic challenges. Originality/value contributes existing literature by providing robust database advanced econometric techniques. provide new into shaping These enhance strategies challenging environments.

Язык: Английский

At the crossroads of inflation: analyzing Central Bank responses in noneconomic crises DOI
Ujkan Q. Bajra, Ardit Gjeçi, Simon Čadež

и другие.

Studies in Economics and Finance, Год журнала: 2024, Номер unknown

Опубликована: Ноя. 27, 2024

Purpose This study aims to thoroughly investigate the complexity of inflation dynamics in context two significant global crises, COVID-19 pandemic and ongoing geopolitical tensions Ukraine. The primary goal is examine effects several factors, such as interest rates, currency indices unemployment, on during extended periods noneconomic crises. Design/methodology/approach research uses a comprehensive data set spanning 75 months across USA Euro Area, using Generalized Method Moments two-step regression methodology for analysis. examines relationships between indices, unemployment (financial) rigorous approach offers nuanced understanding how these factors interact influence inflation. Findings highlights crucial role rates controlling Specifically, an rate increase over 1.75% negatively impacts inflation, with more substantial hikes having faster effect. analysis reveals minimal correlation devaluation emphasizing predominant rates. In addition, notable negative observed, indicating that higher tend coincide lower levels. Practical implications study’s findings offer valuable insights central banks policymakers tasked managing times crisis. By underscoring effectiveness adjustments limited depreciation, this provides critical guidance formulating effective monetary policy economic challenges. Originality/value contributes existing literature by providing robust database advanced econometric techniques. provide new into shaping These enhance strategies challenging environments.

Язык: Английский

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