The Determinants of Inflation

William Kinlaw, Mark Kritzman, Michael Metcalfe, and David Turkington

The authors apply a Hidden Markov Model to identify regimes of shifting inflation and then employ an attribution technique based on the Mahalanobis distance to identify the economic variables that determine the trajectory of inflation. Their analysis enables policymakers to focus on the most effective tools to manage inflation, and it offers guidance to investors whose strategies might benefit from knowledge of the prevailing determinants of inflation. Their analysis reveals that as of February 2022, the most important determinant of the recent spike in inflation was spending by the federal government

MoreLess

Year of publication:	2022
Authors:	Kinlaw, William B. ; Kritzman, Mark ; Metcalfe, Michael ; Turkington, David
Publisher:	[S.l.] : SSRN
Subject:	Baum-Welch Algorithm \| Euclidean Distance \| Hidden Markov Model \| Mahalanobis Distance \| Markov process \| Regime Characteristic \| z-score \| Theorie \| Theory \| Markov-Kette \| Markov chain \| Inflation

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (23 p)
Series:	MIT Sloan Research Paper ; No. 6730, 2022
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 13, 2022 erstellt
Other identifiers:	10.2139/ssrn.4137861 [DOI]
Classification:	C10 - Econometric and Statistical Methods: General. General ; C13 - Estimation ; C40 - Econometric and Statistical Methods: Special Topics. General ; C50 - Econometric Modeling. General ; c54 ; C60 - Mathematical Methods and Programming. General ; E40 - Money and Interest Rates. General ; E44 - Financial Markets and the Macroeconomy ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E66 - General Outlook and Conditions ; H60 - National Budget, Deficit, and Debt. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014030604