the observed time series. We develop a simulated maximum likelihood estimation method based on importance sampling and … applied to quarterly and monthly US inflation in an empirical study. We find that the persistence of quarterly inflation has … and density forecasts for monthly US inflation …

inflation, output, and long-term interest rates, central banks in small open economies face peculiar challenges in their …

This study was carried out to estimate underlying inflation in Nigeria using Unobserved Component (UC) model. Also …. Therefore, unobserved component model with MA is more appropriate in modeling inflation persistence in Nigeria which is …, different channels were used to identify the source of inflation persistence and volatility. This was estimated using Bayesian …

The Phillips curve is central to discussions of inflation dynamics and monetary policy. In particular, the New … Keynesian Phillips Curve is a valuable tool to describe how past inflation, expected future inflation, and real marginal cost or … an output gap drive the current inflation rate. However, economists have had difficulty applying the New Keynesian …