small set of simple bivariate closed-loop time-series models for the prediction of price inflation and of long- and short …

zunächst drei Länder modelliert, nämlich die USA und aus dem Euro-Währungsgebiet Deutschland und Frankreich, die zusammen etwa …In this paper we develop a small open economy model explaining the joint determination of output, inflation, interest … main contribution is that we model the Euro area countries separately. In this version we consider Germany and France …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which 'observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section …