Showing 1 - 10 of 53
real depreciation of the rupiah, and rapid growth of base money, which resulted in inflation. Thus all prices rose, but …
Persistent link: https://www.econbiz.de/10005115699
, the movements in the price of gold seem to lead a symmetrical trend in the headline inflation since the outbreak of the …, shifts in the gold price should be monitored as one of the determining factors of inflation. Yet, hardly any study has …-digit inflation rates. …
Persistent link: https://www.econbiz.de/10011186036
A puzzle from the Great Recession is an apparent mismatch between a fall in the persistence of European inflation rates …, and the increased variability of expert forecasts of inflation. We explain this puzzle and show how country specific … beliefs about inflation are still quite close to the European Central Bank target of 2% (what we call official target …
Persistent link: https://www.econbiz.de/10010904282
This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without … successful policy results in higher inflation and output growth, lower unemployment, and a better fiscal position. The analysis … is conducted separately for developed and emerging countries. Inflation targeting tends to insulate developed countries …
Persistent link: https://www.econbiz.de/10010938592
We examine the effect of inflation variability and economic growth using annual historical data on both developing and … inflation variability by the five-year coefficient of variation of inflation, we obtain the following results: (1) For … developing countries, there is significant evidence to suggest that when the rate of inflation exceeds 10 percent inflation …
Persistent link: https://www.econbiz.de/10009274828
This paper extends the New Keynesian Phillips curve model to include inflation volatility and tests the determinants of … such volatility for India. It provides results on the determinants of inflation volatility and expected inflation … volatility for OLS and ARDL (1,1) models and for change in inflation volatility and change in expected inflation volatility using …
Persistent link: https://www.econbiz.de/10010640533
This paper amends the New Keynesian Phillips curve model to include inflation volatility. It provides results on the … determinants of inflation volatility and expected inflation volatility for OLS and ARDL(1,1) models and for change in inflation … volatility and change in expected inflation volatility using ECM models. Output gap affects change in expected inflation …
Persistent link: https://www.econbiz.de/10010640537
price changes? To examine this question we decompose CPI inflation and "core" inflation into their permanent and transitory … to offsetting transitory shocks correlated with the permanent shocks. The stationarity of inflation may be time …-varying, so we examine the performance of the core measure of inflation for periods during which it appears that inflation is I(1 …
Persistent link: https://www.econbiz.de/10011185982
This paper amends the New Keynesian Phillips curve model to include inflation volatility and tests the determinants of … such volatility for India. It provides results on the determinants of inflation volatility and expected inflation … volatility for OLS and ARDL (1,1) models and for change in inflation volatility and change in expected inflation volatility using …
Persistent link: https://www.econbiz.de/10011201603
This paper studies the joint dynamics of U.S. inflation and the average inflation predictions of the Survey of … consists of the unobserved components (UC) model of Stock and Watson (2007, "Why has US inflation become harder to forecast … Journal of Economics 117, 1295-1328). We introduce timevarying inflation gap persistence into the Stock and Watson (SW …
Persistent link: https://www.econbiz.de/10011203192