Mind the Gap : City-Level Inflation Synchronization /

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of global disinflation. This paper provides a spatial investigation of inflation synchronicity at the city level in Lithuania using disaggregated monthly data during the period 2000-20...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Cevik, Serhan
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2022.
Cyfres:IMF Working Papers; Working Paper ; No. 2022/166
Pynciau:
Mynediad Ar-lein:Full text available on IMF
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245 1 0 |a Mind the Gap :   |b City-Level Inflation Synchronization /  |c Serhan Cevik. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (17 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of global disinflation. This paper provides a spatial investigation of inflation synchronicity at the city level in Lithuania using disaggregated monthly data during the period 2000-2021. The empirical analysis provides strong evidence that (i) the co-movement of city-level inflation rates-estimated using the instantaneous quasi-correlation approach-is significantly weaker than the extent of synchronization suggested by the simple correlation analysis; (ii) there is substantial heterogeneity in the instantaneous quasi-correlation of inflation subcomponents between city pairs; and (iii) there are significant changes in the degree of city-level synchronization over time, reflecting important economic developments in history such as the global financial crisis, the adoption of euro, and the COVID-19 pandemic. 
538 |a Mode of access: Internet 
650 7 |a Estimation  |2 imf 
650 7 |a Single Equation Models  |2 imf 
650 7 |a Single Variables  |2 imf 
650 7 |a Spatial Models  |2 imf 
650 7 |a Treatment Effect Models  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/166 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=166  |z IMF e-Library