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In this paper, we estimate and analyse a set of equations of French inflation for forecasting purpose at the horizon of … exogeneous variables outside the sampling period: given the history at time t, one forecasts the value of inflation at time t …
Persistent link: https://www.econbiz.de/10009001111
This paper analyses the degree of price rigidity and of inflation persistence across different product categories with … overall inflation persistence, we find that, for most of the EU15 countries as well as for the EU15 and the euro area … aggregates, excluding services from the full HICP results in a reduction in the measured degree of inflation persistence; for …
Persistent link: https://www.econbiz.de/10009276983
the interaction between partial indexation and trend inflation. We show that using a hybrid version of the Phillips curve … partly decreases the risks of overestimate due to the omission of trend inflation. We also provide new evidence on the fit of …) forgetting trend inflation induces overestimating by approximately 3-4 percent of the probability to not change the price, for …
Persistent link: https://www.econbiz.de/10005056511
We propose methods for testing hypothesis of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005100843
Alors que des études antérieures ont exploré la relation entre l'inflation et la croissance économique, la littérature … existante sur l'effet de seuil de l'inflation sur la croissance économique dans la Zone Monétaire de l'Afrique de l'Ouest (ZMAO … vide dans la littérature empirique en exploitant la variation des taux d'inflation entre les pays et au fil du temps pour …
Persistent link: https://www.econbiz.de/10014560200
According to the quantitative theory of money, an expansion of the money supply leads both to a decrease of interest rates and an increase of the general level of good prices. This negative correlation expected between these two variables being contradicted by the positive correlation observed...
Persistent link: https://www.econbiz.de/10005078953
La mesure de l’inflation a fait l’objet de nombreux débats récents mais les biais susceptibles d’affecter l’indice des …
Persistent link: https://www.econbiz.de/10009220170
Les départements français d’outre-mer (DOM) présentent, par rapport à leurs homologues métropolitains, un certain nombre de caractéristiques susceptibles d’introduire des écarts de niveau et d’évolution de prix avec la métropole. Est-ce le cas ?
Persistent link: https://www.econbiz.de/10009220172
La mondialisation a contribué au ralentissement de l’inflation via une intensification de la concurrence. Mais la …
Persistent link: https://www.econbiz.de/10009220181
Le 5ème symposium international de la Banque de France a porté sur les effets de la globalisation sur l’inflation et …
Persistent link: https://www.econbiz.de/10009225692