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Inflation dynamics : expectations, structural breaks and global factors
Siklos, Pierre L. - 2020
Persistent link: https://www.econbiz.de/10012225237
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Inflation dynamics : expectations, structural breaks and global factors
Siklos, Pierre L. - In: Review of Economic Analysis : REA 12 (2020) 2, pp. 203-233
There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global forces" are relevant. Three conclusions stand out....
Persistent link: https://www.econbiz.de/10012269197
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Global Inflation Dynamics and Inflation Expectations
Feldkircher, Martin - 2018
In this paper we investigate dynamics of global inflation and short-run inflation expectations. We estimate a global vector autoregressive (GVAR) model estimated using Bayesian techniques. We then explore the effect of three source of inflationary pressure that could drive up inflation...
Persistent link: https://www.econbiz.de/10012907659
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The global financial crisis and the language of central banking : central bank guidance in good times and in bad
Siklos, Pierre L. - 2013
Persistent link: https://www.econbiz.de/10009788797
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Monetary Policy Setting in Australia, Canada and the Euro Area : Insights from the Shadows
St. Amand, Samantha - 2019
Australia, Canada and the euro area. SMPCs release individual members' recommendations. Their central banks do not. How much … individuals? We find little heterogeneity in preferences among committee members in Australia and Canada but not for the shadow …
Persistent link: https://www.econbiz.de/10012862550
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Optimal Monetary Policy Rules and Inflation Targets : Are Australia, Canada, and New Zealand Different from the Us?
Collins, Sean; Siklos, Pierre L. - 2004
(Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …
Persistent link: https://www.econbiz.de/10014070530
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Inflation Targets and the Yield Curve : New Zealand and Australia vs. The Us
Siklos, Pierre L. - 2001
activity for New Zealand. To provide a basis for comparison, data from Australia and the US are also considered. Many studies …, especially of the inflation targeting variety. Both Australia and New Zealand have been targeting inflation for a number of years …-term interest rates well in either Australia or US data. However, when there are large policy "shocks" from abroad, such as the US …
Persistent link: https://www.econbiz.de/10014177904
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Has Inflation Targeting Improved Monetary Policy? Evaluating Policy Effectiveness in Australia, Canada, and New Zealand
Siklos, Pierre L. - 2009
vanguard of the inflation targeting policy strategy, namely Australia, Canada, and New Zealand, and use the resulting estimates …
Persistent link: https://www.econbiz.de/10013156549
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A suggestion for a simple cross-country empirical proxy for trend unemployment
Murchison, Stephen C. (contributor);  … - 1998 - Rev. Mar 7/05
We propose a proxy for trend unemployment derived from the cointegration property between unemployment rates and world oil prices. Evidence from a sample of OECD countries is presented in support of the hypothesis. We argue that our empirical proxy is superior from an economic perspective to at...
Persistent link: https://www.econbiz.de/10003734441
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A Suggestion for a Simple Cross-Country Empirical Proxy for Trend Unemployment
Murchison, Stephen; Siklos, Pierre L. - 1999
We propose a proxy for trend unemployment derived from the cointegration property between unemployment rates and world oil prices. Evidence from a sample of OECD countries is presented to support the hypothesis. We argue that our empirical proxy is superior from an economic perspective to at...
Persistent link: https://www.econbiz.de/10014207788