The paper applies an equilibrium correction model to discuss impacts of monetary, labour and external factors on the German inflation. The approach presented is of eclectic character and allows for examination which variables representative for various inflation theories matter empirically when...

The observation, analysis and forecasting of inflationary trends is of particular interest to all economic agents -not just to institutions with monetary policy tasks. Almost all central banks have specified a price target as the final goal of monetary policy, for example, and some central banks...

Die Beobachtung, Analyse und Prognose der Inflationsentwicklung ist nicht nur für Institutionen mit geldpolitischen Aufgaben, sondern für alle Wirtschaftsteilnehmer von besonderem Interesse. So haben fast alle Zentralbanken ein Preisziel als Endziel der Geldpolitik vorgegeben und einige...

It has recently been suggested that allowing for switches between different inflationary regimes produces a much better fit for the Fisher relationship between interest rates and inflation, at least for U.S. data. The paper assesses the merits of the regime-switching theory as an explanation for...