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Persistent link: https://www.econbiz.de/10003432418
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This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship …
Persistent link: https://www.econbiz.de/10014403027
This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … African countries. The central finding is that both gaps contain significant information regarding the evolution of inflation …
Persistent link: https://www.econbiz.de/10012758257
This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship …
Persistent link: https://www.econbiz.de/10012777088
Persistent link: https://www.econbiz.de/10013350323
We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve … to affect inflation through (the common part of) domestic demand and supply conditions. Our most important result is that … the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence that …
Persistent link: https://www.econbiz.de/10011605057
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 …
Persistent link: https://www.econbiz.de/10010260622
This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …
Persistent link: https://www.econbiz.de/10010295663
Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …
Persistent link: https://www.econbiz.de/10010299186