Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We … analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output …

Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We … analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output …

Regarding inflation as being a monetary phenomenon in the long-run is a widely-heldDie Aussage, dass Inflation …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

gap and inflation for the Turkish economy using data from 2002:01 to 2021:09. First, it analyses the cointegration by … applying different cointegration tests taking into account structural breaks and asymmetric behaviour to reveal whether the …. The results also show asymmetric causality running from positive (negative) output gap to positive (negative) inflation …

We investigate output sensitivity of inflation in the euro area through a disaggregated analysis using price indices at … of the ICSP is significantly higher than that of headline inflation. The difference in output sensitivity is most … striking between the ICSP and core inflation because of the rather strong cyclical sensitivity of processed and unprocessed …

This paper investigates the relationship between the Great Moderation and two measures of inflation performance: trend … inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …

containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …

Indonesia and Thailand, two major open economies in Southeast Asia operating under managed-float exchange rate systems … volatility. The empirical results suggest that in both Indonesia and Thailand, inflation and inflation volatility are more …. This paper investigates the transmission of external shocks to these economies via their impact on inflation and inflation …