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months, and out-of-sample forecasts show that the GISI has the lowest forecast error of all the inflation expectations …This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation …
Persistent link: https://www.econbiz.de/10009647210
Michigan Surveys of Consumers. While these measures have been useful in developing models of forecasting inflation, the data …I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused …
Persistent link: https://www.econbiz.de/10009650037
models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to …
Persistent link: https://www.econbiz.de/10009647457
expectations and managed to cover a wide range of issues, so that a double-issue was considered: the first dealing with Finance and …
Persistent link: https://www.econbiz.de/10011114387
framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
expectations about future inflation, play against the decision that authority (as long as expectations are formed rationally). This … takes portfolio decisions considering inflationary expectations. The model can be summarized in a set of difference … paper will consider two versions of the model: a rational expectations framework (which is used as Barro and Gordon did) and …
Persistent link: https://www.econbiz.de/10011110732
been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover … output gap, namely inflation expectations. These changes constitute in the new economic literature what so called “Inflation …Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation …
Persistent link: https://www.econbiz.de/10009647354
The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods … crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors …' policies, much to the detriment of inflation. Inflation grew from an average of less than 10% per year in the decade preceding …
Persistent link: https://www.econbiz.de/10005622172
information precision, through its attenuating effects on inflation expectations, lowers inflation. Furthermore, I find that this … dataset of political elites’ inflation statements and measure each statements’ information precision. I then test whether or …
Persistent link: https://www.econbiz.de/10011110786
This is the English language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a...
Persistent link: https://www.econbiz.de/10005621653