We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront …

We investigate inflation persistence in six inflation targeting (IT) countries from the global-economy perspective …. This view maintains that inflation persistence in IT countries has declined mainly because of the decline of inflation …, for the countries that share common inflation persistence with Germany and the US, we examine whether the same long memory …

This paper investigates evidence of a Fisher effect in Nigeria by employing quarterly CPI inflation and Nominal … inflation rates in the long run despite the presence of positive relationship among the variables. Our study recommends the … adoption of potent policies aimed at checking inflation so as to help reduce high interest rates in order to stimulate growth …

We use cointegration tests that determine endogenously the regime shift to test for bilateral inflation rate … breaks, only for seven of the fourteen countries examined we find evidence of a long run relationship between their inflation … rates and the German inflation rate. In contrast, our innovative approach provides strong evidence in favour of such …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries …: Sweden, United Kingdom, and the United States. The primary purpose is to examine if periods of low inflation are associated … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

processes, and provide information about the persistence and long-memory properties of the series and thus on whether or not the …