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 …

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 …

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

We investigate the inflation rate in Colombia in terms of excess money, excess demand, deviations from PPP, and wage … inflation. In contrast to previous results for a group of industrial economias, we find that domestic factors are a far more … powerful influence on inflation than are external factors. We also find evidence of non-linear price behavior in response to …

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. …

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 …

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 …