A composite leading indicator of Australian inflation
This paper investigates the possibility of constructing a composite leading indicator of Australian inflation. Five variables are considered and found to have both short-run and long-run causal linkages with consumer prices. A composite leading indicator is constructed on the basis of the coefficients of the cointegrating vector and smoothed by calculating a four-quarter moving average. This indicator is shown to have led the annual inflation rate in six troughs and five peaks between 1972 and 1992.
Year of publication: |
1998
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Authors: | Moosa, Imad |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 5.1998, 11, p. 711-713
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Publisher: |
Taylor & Francis Journals |
Saved in:
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