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A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit …
Persistent link: https://www.econbiz.de/10005835964
Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models …) and has a perfect parsimony - only one predictor. The relationship is tested for cointegration. Both variables are …
Persistent link: https://www.econbiz.de/10005836346
In this paper we develop a linear, structural, dynamic, econometric model for the high ination period in Brazil. The main goal is to obtain a parsimonious model that accounts for a complex dynamic present in the monetary system during the period describing therelationships among output, ination...
Persistent link: https://www.econbiz.de/10008516681
In this paper we estimate a structural VAR model to identify the causes of inflation in Ecuador. To examine the VAR … exogenous variable on the inflation rate but also to estimate the inflation rate from the exogenous variables in the model. We … found that on the first quarter of 2008 the annual inflation rate in Ecuador was mainly caused by international prices …
Persistent link: https://www.econbiz.de/10005059103
Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...
Persistent link: https://www.econbiz.de/10010744600
Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...
Persistent link: https://www.econbiz.de/10011110778
This paper estimates the effects of unconventional monetary policies on consumer as well as asset price inflation … with inflation, as laid out in several theories such as the static monetarist interpretation of the quantity theory of …
Persistent link: https://www.econbiz.de/10010860629
This paper aims at investigating first the (possibly time-varying) empirical relationship between the level and conditional variances of price and financial stability, and second, the effects of macro and policy variables on this relationship in the United States and the Eurozone. Three...
Persistent link: https://www.econbiz.de/10010903100
This paper aims at investigating first the (possibly time-varying) empirical relationship between the level and conditional variances of price and financial stability, and second, the effects of macro and policy variables on this relationship in the United States and the Eurozone. Three...
Persistent link: https://www.econbiz.de/10011003739
This paper aims at investigating first the (possibly time-varying) empirical relationship between the level and conditional variances of price and financial stability, and second, the effects of macro and policy variables on this relationship in the United States and the Eurozone. Three...
Persistent link: https://www.econbiz.de/10010925518