prices are indexed to past inflation. These problems arise because of a type of misspecification and a lack of suitable …

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …

Analysts typically use a variety of techniques to forecast inflation. These include both ‘bottom-up’ approaches, for … near-term forecasting, as well as econometric methods (such as mark-up models of inflation, which have been found to … perform quite well for Australia – see de Brouwer and Ericsson (1998)). One of the econometric approaches to inflation …

of incipient changes in inflation. This paper reviews five methods of estimating it for Australian GDP data, including … across the range of methods examined. Inflation equations are substantially improved when any measure of the gap is included …, and output gaps generally explain innovations in inflation better than output growth. …

This paper examines the statistical properties of inflation in a sample of inflation-targeting and non-inflation …-targeting countries. First, it analyses the time-varying volatility of a measure of the persistent component of inflation. Based on this … measure, inflation-targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) have experienced a …

Inflation rates across countries tend to exhibit a degree of co-movement. In this paper we use a panel vector … prices are found to be more important than common movements in real activity as a driver of 'global inflation' dynamics …. However, commodity prices and common real activity cannot explain all of the co-movement in inflation. Even when controlling …

favour of the SIPC over the low-inflation period. Parameter estimates are sensitive to inflation measures and sample periods … the fact that inflation has become difficult to model since the introduction of inflation targeting. Over sample periods …

This paper estimates a range of single-equation models of inflation for Australia. We find that traditional models …-Keynesian Phillips curve (NKPC) in explaining trimmed mean inflation, both in terms of in-sample fit and significance of coefficients … including a direct measure of inflation expectations, but we still find that the unemployment rate or growth in marginal costs …