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, especially of the inflation targeting variety. Both Australia and New Zealand have been targeting inflation for a number of years …This study considers the role of the yield curve as a predictor of future interest rates, inflation rates and economic … activity for New Zealand. To provide a basis for comparison, data from Australia and the US are also considered. Many studies …
Persistent link: https://www.econbiz.de/10014177904
This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …
Persistent link: https://www.econbiz.de/10011664348
financial conditions have some inflation forecasting ability over the monetary policy relevant two to three-year horizon during …
Persistent link: https://www.econbiz.de/10012999067
This paper uses a ‘trendy' approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …
Persistent link: https://www.econbiz.de/10012953780
below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than … anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 … find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s but has …
Persistent link: https://www.econbiz.de/10012936771
-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …
Persistent link: https://www.econbiz.de/10013002151
This paper uses a “trendy” approach to understand UK inflation dynamics. It focuses on the time series to isolate a low …‐frequency and slow moving component of inflation (the trend) from deviations around this trend. We find that this slow‐moving trend … explains a substantial share of UK inflation dynamics. International prices are significantly correlated with the short …
Persistent link: https://www.econbiz.de/10011942233
This paper examines the effects of policy rate announcements on households' inflation expectations over the time period … in the policy rate on inflation expectations is significant and positive. According to the New-Keynesian model, the … information on the direction of future inflation. Given the sizeable weight of housing costs in the Swedish CPI basket, the …
Persistent link: https://www.econbiz.de/10012207259
Persistent link: https://www.econbiz.de/10003548657
The positive relationship between inflation and inflation uncertainty is well supported by empirical evidence in the … literature. However, this does not answer the question of whether the inflation causes the inflation uncertainty and vice versa … or both in the Granger sense. The empirical evidence provided from the United Kingdom suggests that inflation and …
Persistent link: https://www.econbiz.de/10012915056