A Common Trends Model of UK Core Inflation

In this paper the long-run trend in RPI inflation (core inflation) for the UK over the 1961-1997 period is estimated within the framework of a multivariate common trends model which extends the bivariate VAR approach of Quah and Vahey (1995). In this context core inflation is directly linked to money and wage growth and interpreted as the long-run forecast of inflation from a small-scale, cointegrated macroeconomic system

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Year of publication:	2013
Authors:	Bagliano, Fabio C. ; Morana, Claudio
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Inflation \| Zeitreihenanalyse \| Time series analysis \| Geldpolitik \| Monetary policy
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Empirical Economics, Vol. 28, pp. 157-72, 2003 Volltext nicht verfügbar
Classification:	C32 - Time-Series Models ; E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014120488