The responses of prices at different stages of production to monetary policy shocks

Article Abstract:

A study of price responses at varying production stages, in relation to monetary policy shocks, has been conducted. VAR of Christiano et al. is used to identify policy shock in aggregate price analysis while the adjustment of prices is examined by comparing the inflationary effects in disaggregate price analysis. The results indicate that monetary tightening policies cause a larger and more rapid drop in input prices compared to output prices during the early stages of production.

Currency Stabilization Programs, Evaluation, Economic policy, Fiscal policy, Monetary policy, Currency stabilization

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Estimating earnings poverty in 1939: a comparison of Orshansky-method and price-indexed definitions of poverty

Article Abstract:

The Orshansky method is contrasted with the continual price indexing (CPI) approach in the creation of poverty lines in 1939. It was established that treating the seminal Orshansky poverty line as absolute and employing simple CPI over a prolonged period of time will ultimately yield inappropriate estimates of poverty lines. The Orshansky method should consider appropriate values for the depression era to arrive at poverty lines that represent the social standards of 1939.

Economic Planning & Research, Research, Usage, Economic conditions, Poverty, Economic history, Price indexes, 1939 AD

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