Forecasting inflation remains an intriguing research topic among academics and practitioners alike. Recent studies by … or other macroeconomic and financial variables for the purpose of forecasting inflation. In particular, it is found that … Bayesian Averaging of Classical Estimates (BACE) for forecasting inflation. Based upon the idea of model averaging, the BACE …

This paper analyses empirically the relationship between money and output in Peru, based on an orthogonal decomposition … application of wavelet filtering to analyze cointegrating relationships. No evidence of cointegration between money, real output … represent the existence of hidden co- integration. In this context, it is found that (1) the link between money and real output …

importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also …

Long memory models have been successfully used to investigate the dynamic time-series behavior of inflation rates based … on the CPI and WPI. However, almost no attention has been paid to import and export price inflation, nor to the terms of …-series characteristics of these price series. It tests for long memory in export and import price inflation series and estimates the …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

sub indexes’ inflation dynamics indicate that the exchange rate pass-through in the perfectly competitive sector is … sector. Also, that inflation inertia is lower in the former than in the latter; adding up in more volatility of the perfectly … competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

gap an inflation rate (Phillips Curve) and structural restrictions over output stochastic dynamics. The estimation is …-sample predictive power for inflation. All these features make MUC output gap more reliable than other alternatives. …One of the key inputs for inflation targeting regime is the right identification of inflationary or disinflationary …