evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … of inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to …

greatly redcues the prediction mean squared error of forecasts of U.S. CPI inflation at horizons of one month and one year …

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 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 …