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cointegration approach. The results suggest debt servicing, inflation and private investment to be negatively associated. The study …
Persistent link: https://www.econbiz.de/10011259941
method of analysis was the cointegration analysis. The stationarity properties of all the variables of interest were checked …This paper examined the macroeconomic determinants of inflation in Ghana using a cointegration approach. The main … cointegration approach showed that there is both long and short run relationship among the variables; therefore, the vector error …
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We study the dynamics of inflation persistence in 45 countries for the period 1960-2008. We use a nonparametric unit root test robust to nonlinearities, error distributions, structural breaks and outliers, many of them typical features of inflation data, and a test for multiple changes in...
Persistent link: https://www.econbiz.de/10010322567
Empirical research on the degree and stability of inflation persistence in the US has produced mixed results: some suggest high and unchanged persistence during the last few decades, while others argue in favor of a decline in persistence since the early 1980s. We contribute to this debate by...
Persistent link: https://www.econbiz.de/10010322575
When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the face of supply shocks.
Persistent link: https://www.econbiz.de/10010322829
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When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the face of supply shocks.
Persistent link: https://www.econbiz.de/10011516965
Persistent link: https://www.econbiz.de/10012487612