In this paper we evaluate inflation persistence in the U.S. using long range monthly and annual data. The importance of … inflation persistence is crucial to policy authorities and market participants, since the level of inflation persistence … generating process, in order to enhance the robustness of conclusions. Overall, we find that inflation persistence is high from …

The existing literature on the theoretical relationship between the rate of inflation and real stock prices in an … economy has shown varied predictions about the long run effects of inflation on real stock prices. In this paper, we present … that, in the long run real stock prices are invariant to permanent changes in the rate of inflation. The impulse responses …

This study investigates the asymmetric and time-varying causality between inflation and inflation uncertainty in South … features of inflation series simultaneously by measuring inflation uncertainty as the conditional variance of inflation …’s hypothesis. This implies that past information on inflation can help improve the one-step-ahead prediction of inflation …

This paper analyses the empirical relationship between inflation and growth using a panel data estimation technique … time levels, we find that a statistically significant negative relationship exists between inflation and growth for the … inflation rates above the critical threshold levels of 9% and 30% which are endogenously determined. Furthermore, we remedy the …

We try and detect whether there exists a threshold level of inflation for the US economy over 1801-2013, beyond which … semiparametric (SNP-IV) methods to obtain inflation thresholds for the United States. The results suggest that the relationship … between growth and inflation is hump shaped—that higher levels of inflation reduce growth more. Our results consistently show …

The conduct of inflation targeting is heavily dependent on accurate inflation forecasts. Non-linear models have … African infl ation by means of non-linear models and using a long historical dataset of seasonally-adjusted monthly inflation …, given the fact that 1969:10 marks the beginning of a protracted rising trend in South African inflation data, we estimate …

This paper exploits the Lucas’ (1973) signal extraction model to study the effect of uncertainty in the output-inflation … trade-off on inflation, using a monetary model with asymmetric central bank preferences over inflation and output. We show … monetary policy to influence inflation movements so that, higher volatility in monetary policy causes inflation to rise …

understand the relationship between inflation and economic growth in order to make sound policies. If inflation is detrimental to … economic growth, then policy makers should aim for low rate of inflation. This leads to a question; how low should the … inflation rate be? Previous research in the non-linearities of the inflation-growth relationship has found that a positive …

This paper investigates the long-run impact of inflation on homeowner equity in South Africa by analysing the … expenditure. In general, we infer that house prices in South Africa provide a stable, but quantitatively minor, inflation hedge in …

The oil price-inflation relationship has been at the center of attention among economists and policy makers, especially … after 1970’s oil shocks that resulted to a significant increase in the inflation rate in number of countries around the … world. In this study, we aim to investigate the evolving relationship between oil price and inflation in South Africa, using …