This paper examines the international convergence of inflation rates during the flexible rate period of eighteen OECD countries. Using individual country data, we find evidence of nonstationarity in most cases. The results are different in the case of the panel data model. Though, we can...

In line with the recent developments on the statistical analysis of functional data, we develop the semiparametric functional autoregressive (FAR) modeling approach to the density forecasting analysis of national inflation rates using sectoral inflation rates in the UK over the period January...

This paper examines the international convergence of inflation rates during the flexible rate period of eighteen OECD countries. Using individual country data, we find evidence of nonstationarity in most cases. The results are different in the case of the panel data model. Though, we can...

We investigate asymmetries in the relationship between the cross-sectional mean (aggregate) rate of inflation and the second and third central moments of the cross-sectional distribution of relative prices by means of a modified Calvo pricing model with regime-dependent price rigidities. We...