models as well as examine the effects of erroneously assuming cointegration. It is shown that inconclusive theoretical … imposing cointegration can be more or less useful for different horizons. The problem of forecasting variables with trending …

are I(1). We show that Ft is driven by r-c permanent shocks, where c is the cointegration rank of Ft, and q - (r - c) < c …-Stationary Dynamic Factor Models. The relationship between cointegration of the factors and cointegration of the observable variables is …

shocks on inflation in Fiji. How the domestic inflation in a pegged exchange rate system is aligned with international price …. The multivariate cointegration tests are done after the unit root tests, and further, the Vector Error Correction (VEC … also shows that due to the exchange rate depreciation, inflation has increased for many years in Fiji. The policy …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

distributed lags (NARDL) model. The bounds test of the NARDL specification suggests the presence of cointegration among the … run, only changes in the positive oil price exert significant influences on the food price inflation. With the absence of …

It is widely believed that moderate and stable inflation rates promote the development process of a country, and hence … economic growth. Moderate inflation supplements return to savers, enhances investment, and therefore, accelerates economic … growth of the country. The main purpose of this study is to study and analyze the relationship between inflation and economic …

relationship, and 2) using inflation as an additional explanatory variable. By implementing a well structured estimation strategy …, we found that after taking the level shift into account, a cointegrating equation, including inflation, exists and is …

15 years. Controlling for the most important other factors influencing the inflation rate, we estimate cointegrations and …