1851-2013 by estimating a multivariate ARFIMA-FIGARCH model (with the unemployment rate and inflation as explanatory …

The paper explores dynamics of inflation in Ukraine in the period of relative macroeconomic stability. The analysis of … interrelationship between inflation, money growth, wage growth, and a proxy for devaluation expectations is based on impulse responses … the most important factor driving price development, while money supply growth has negligible impact on inflation. In …

inflation convergence using different approaches, namely panel unit root tests, co-integration tests and error-correction models …

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

find evidence for such a non-linearity for inflation forecasts. Evidence from probit models further suggests that some … macroeconomic fundamentals - especially monetary factors - correlate to large positive or negative forecast growth and inflation …

Based on a panel of German professional forecasts for 1970 to 2002 we find that growth and inflation forecasts are …