on the PPI seems to be useful to improve forecasts of CPI inflation. In particular, CPI inflation responds significantly …

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 …

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 …

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

of the system to one comprising inflation and relative prices. This is then estimated in I(1) space. An impulse response … on domestic inflation is moderated. This explains why the depreciation of sterling in 1992 left inflation unchanged. In … contrast, high real import prices in 1974 increased inflation because wage accommodation effects were absent. …

This paper employs cointegration and Granger causality tests to determine a relationship between the Spanish and the … German inflation for the sample period 1976:1-1999:4 employing quarterly data. The results suggest that there is a bi …-directional causality between German and Spanish inflation for the entire period as well as for the first sub-period. In the second …

relationship, and 2) using inflation as an additional explanatory variable. By implementing a well structured estimation strategy …, we found that after taking the level shift into account, a cointegrating equation, including inflation, exists and is …

Inflation has been the major global economic problem for most economies throughout the world over the last three … money. According to this hypothesis, inflation results solely from a maintained expansion of the money stock at rates in …, which may have influenced prices, were included in the cointegration regressions. Second, the finding of a unidirectional …

This paper measures the pass-through of exchange rate changes into domestic inflation within a cointegrated VAR (CVAR … inflation levels. Using quarterly data for 12 EA covering 1980:1 to 2010:4, we report a large degree of heterogeneity in the …