-varying inflation persistence as an important issue for monetary policy. We determine not only the location and significance of breaks … in persistence, but also the number of breaks. Only one significant break in U.S. inflation persistence (measured by the … integration ; break in persistence ; unknown break point ; inflation dynamics …

To which extent do equity and housing hedge against inflation? Despite an extensive literature, there is only little … horizon and period considered. Within one, five, and ten years housing hedges, at least partly, against inflation and the … to decrease with inflation in the post-war period. The hedge improves slightly with a longer time horizon and is perfect …

investment can help hedge against inflation in the United States (US) and Canada. This study employed an autoregressive … distributed lag (ARDL) cointegration test developed by Pesaran, Shin, and Smith (2001), and finds evidence of a positive long … against inflation in the United States and Canada. …

We use cointegration tests that determine endogenously the regime shift to test for bilateral inflation rate … convergence in the European Countries in the 1961-1997 period. When applying cointegration tests that do not allow for structural … breaks, only for seven of the fourteen countries examined we find evidence of a long run relationship between their inflation …

Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …

study employed the smooth time-varying cointegration (TVC) and time-varying detrended fluctuation analysis (DFA) methodology …, and we are not aware of any study that has applied TVC and DFA to investigate the long-run validity and determinants of …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …