CEU Electronic Theses and Dissertations, 2012
| Author | Gabriel, Peter |
|---|---|
| Title | Explaining inflation dynamics: the role of price setting rules, expectations and exchange rate |
| Summary | Inflation is one of the key macroeconomic variables. Not only central banks, but also the public pays attention to its fluctuation. This thesis aims to contribute to the better understanding of what drives changes of the inflation rate. The first chapter provides descriptive statistics of store-level pricing practices in Hungary and explores whether changes in the average size or frequency of price changes are behind the observed volatility of the inflation rate. In the second chapter I analyze the linkages between inflation and inflation expectations and show that changes in household expectations may help to predict changes in the inflation rate. The third chapter is about the drivers of asymmetry in exchange rate pass-through to import prices. I show that the asymmetry in exchange rate pass-through is positively correlated with the inflation rate of imported goods. |
| Supervisor | Konya, Istvan |
| Department | Economics PhD |
| Full text | https://www.etd.ceu.edu/2012/cphgap01.pdf |
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