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revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …
Persistent link: https://www.econbiz.de/10009774367
find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …
Persistent link: https://www.econbiz.de/10012792526
most important factor driving uncertainty about inflation. In contrast, variations in financial intermediaries' net worth …
Persistent link: https://www.econbiz.de/10011846905
This paper investigates the trade-off between timeliness and quality in nowcasting practices. This trade-off arises when the frequency of the variable to be nowcast, such as GDP, is quarterly, while that of the underlying panel data is monthly; and the latter contains both survey and...
Persistent link: https://www.econbiz.de/10011846875
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dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is …
Persistent link: https://www.econbiz.de/10003546364
Persistent link: https://www.econbiz.de/10003529835
analyze China’s role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation … exposure help explaining crosscountry differences in price responses. -- Global inflation ; China ; international business …
Persistent link: https://www.econbiz.de/10009732001
Jackman (1991), we investigate the relationship between inflation and the share more formally by estimating a pricing equation … and Lopez-Salido (2000) relationship between inflation and marginal costs in the limiting case of a constant equilibrium … between inflation and the labour share over the last 30 years in the UK and so the share contains information that helps to …
Persistent link: https://www.econbiz.de/10011518070
Persistent link: https://www.econbiz.de/10012601651