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interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …
Persistent link: https://www.econbiz.de/10014547759
The U.S. inflation rate for the period 2008-2016 was abnormally low despite the execution of a high expansive monetary … policy, which has been called “the missing inflation paradox”. In this paper we estimate the missing inflation as the … difference between the inflation predicted, and the observed rate using two monetarist models. The results support the adequacy …
Persistent link: https://www.econbiz.de/10012839585
interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …
Persistent link: https://www.econbiz.de/10012429646
This study analyses inflation, money supply and output growth in Indonesia during 1950-2002. We develop a monetary … model of inflation and uses it as a theoretical basis for this study, by the estimation of the cointegration-and error …-correction models of inflation. …
Persistent link: https://www.econbiz.de/10004965326
testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in …
Persistent link: https://www.econbiz.de/10011961642
testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in …
Persistent link: https://www.econbiz.de/10011534974
According to Monetarist Milton Friedman (1970), Inflation is always and everywhere a monetary phenomenon. There is a … large number of researches conducted to understand the exact nature of relation between money supply and inflation, there … causal relationship between inflation measured on Wholesale Price Index (WPI) and a host of its determinants like Gross …
Persistent link: https://www.econbiz.de/10012911734
Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …
Persistent link: https://www.econbiz.de/10013210454
This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting in ation risks. The proposed parametric methodology bridges the empirically established benefits of TVP regressions for forecasting in ation with the ability of quantile regression to...
Persistent link: https://www.econbiz.de/10012643282
Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …
Persistent link: https://www.econbiz.de/10011578735