Various inflation forecasting models are compared using a simulated out-of-sample forecasting framework. We focus on … the question of whether monetary aggregates are useful for forecasting inflation, but unlike previous work we examine a … are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC …

the naive one by a factor of 2 to 3. The relationships for inflation were successfully tested for cointegration. We have … and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries …: Sweden, United Kingdom, and the United States. The primary purpose is to examine if periods of low inflation are associated … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation …

In the following study the relation between the public debt and the inflation will be analysed. The transmission from … the public debt to the inflation through the money supply and long term interest rate will be shown. Based on these …

shocks on inflation in Fiji. How the domestic inflation in a pegged exchange rate system is aligned with international price …. The multivariate cointegration tests are done after the unit root tests, and further, the Vector Error Correction (VEC … also shows that due to the exchange rate depreciation, inflation has increased for many years in Fiji. The policy …

framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for …

The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for …(2) process. Moreover, a long-run relationship between the share of public expenditure and inflation is found for Cyprus … from inflation to expenditure for Cyprus, France and Spain; and of a bidirectional flow for Italy, Malta and Portugal. Some …

inflation. This relationship is strong in economies with high inflation, but weakens under low inflation. Based on these … findings, we study the dependence of the money-prices relationship on the level of inflation in Argentina along the last 35 … years. We use descriptive analysis as well as cointegration tests to study the long run relationship between money growth …

Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input … permanent shifts in the markup factor through estimating an inflation equation that includes a time-varying intercept. The model …