In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using … data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the … period - although in general at a level below the inflation target - and it does not appear to have been affected much by the …

quantity theory of money, which would otherwise remain hidden in the data. -- Quantity theory of money ; inflation ; frequency …Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation's long-run variation explained by long-run money growth has …

Over the last two centuries, the coherence between either narrow or broad money growth and inflation at zero has … that the fraction of inflation's long-run variation explained by long-run money growth has been very high and relatively … one. The unitary gain associated with the quantity theory of money appeared in correspondence with the inflationary …

the wage setting in other sectors. The theoretical background is the Scandinavian model of inflation, which states that … sectors of the economy. The Johansen maximum likelihood cointegration approach is applied to quarterly data on Swedish sector …

vector autoregression is presented. The large degree of uncertainty in the choise of the cointegration vectors is … incorporated into the analysis through a prior distribution on the cointegration vectors which allows the forecaster to … different cointegration vectors are weighted together in an optimal way. The ideas of Litterman (1980) are adapted for the prior …