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Quantity Theory of Money (QTM) approach, is presented, followed by a new hypothesis for inflation. Two-Dimensional QTM (2-D QTM …The lack of evidence for current theories of inflation, including the classic Keynesian approach and the classic … controlling inflation is also presented, as is a multiple regression model which has predictive value for inflation forecasting …
Persistent link: https://www.econbiz.de/10013322759
Persistent link: https://www.econbiz.de/10013261155
We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows …
Persistent link: https://www.econbiz.de/10011476494
impulses on inflation and output for the German pre-EMU economy. The model is augmented with rule-of-thumb behaviour in … dominant role in consumption whereas forward-looking behaviour is greater for inflation. The model's dynamics following a …
Persistent link: https://www.econbiz.de/10013318117
predictive densities from several alternative models of US output growth and inflation, each using eight different Divisia …
Persistent link: https://www.econbiz.de/10013245423
for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. -- Inflation forecasting ; leading indicators ; monetary policy ; information …
Persistent link: https://www.econbiz.de/10003831802
for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons …
Persistent link: https://www.econbiz.de/10013316406
Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized … determinants of inflation and GDP growth. In addition, the best composite aggregates produce switch dates that overlap with known …
Persistent link: https://www.econbiz.de/10014155493
Persistent link: https://www.econbiz.de/10010198140
We provide a new way to filter US inflation into trend and cycle components, based on extracting long-run forecasts …, then estimating parameters, and then extracting the stochastic trend in inflation. The trend-cycle model with unobserved … components is consistent with numerous studies of US inflation history and is of interest partly because the trend may be viewed …
Persistent link: https://www.econbiz.de/10013076654