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cointegration, impulse response and variance decomposition analysis. The empirical results reported confirm recent findings that the …
Persistent link: https://www.econbiz.de/10005612891
The cyclical behaviour of prices in the U.K. is investigated using a sample of annual observations covering the period 1886-1993. A structural time series model relating consumer prices to output is estimated over four sub-periods. The results indicate that prices were procyclical in the...
Persistent link: https://www.econbiz.de/10005382219
We propose an econometric model for the transmission mechanism in Brazil after the inflation target regime (IT … the nominal inflation derived from the IS and the interest rule theoretical models. Such specification explores the role …
Persistent link: https://www.econbiz.de/10010994351
Persistent link: https://www.econbiz.de/10009324860