Showing 1 - 10 of 65,634
Persistent link: https://www.econbiz.de/10011620177
Persistent link: https://www.econbiz.de/10014022738
The paper seeks to shed light on inflation dynamics of four new EU member states (the Czech Republic, Hungary, Poland … inflation-forcing variable is fragile. (2) Inflation seems to be driven by external factors. (3) Although inflation holds … forward-looking component, the backward-looking one is substantial. An intuitive explanation for higher inflation persistence …
Persistent link: https://www.econbiz.de/10003949344
Persistent link: https://www.econbiz.de/10011569676
Vector autoregressive moving-average (VARMA) processes are suitable models for producing linear forecasts of sets of time series variables. They provide parsimonious representations of linear data generation processes. The setup for these processes in the presence of stationary and cointegrated...
Persistent link: https://www.econbiz.de/10014023700
The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of …
Persistent link: https://www.econbiz.de/10012444864
to 'normal times'. -- Cointegration ; gold price ; inflation hedge ; Markov-switching error correction …This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …: First, we show that gold is partially able to hedge future inflation in the long-run and this ability is stronger for the …
Persistent link: https://www.econbiz.de/10009580064
Persistent link: https://www.econbiz.de/10012797032
We study the relation between inflation and real activity over the business cycle. We employ a Trend-Cycle VAR model to … control for low-frequency movements in inflation, unemployment, and growth that are pervasive in the post-WWII period. We show … that cyclical fluctuations of inflation are related to cyclical movements in real activity and unemployment, in line with …
Persistent link: https://www.econbiz.de/10014247995
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 …
Persistent link: https://www.econbiz.de/10011212985