volatility turns out to be positive, and there is no important relationship between inflation and volatility. The main policy …

durable consumption and corporate sector investment, inflation and a short-term interest rate. Subsets of the models …

This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United … States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries … changes on inflation expectations, and further provide a theoretical basis for the empirical results. We use data from 2010 to …