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 …

We study the effects of inflation in models with various trading frictions. The framework is related to recent search … model, under posting the cost of inflation is similar to previous estimates, around 1% of consumption. Under bargaining, it … is considerably bigger, between 3% and 5%. Under price taking, the cost of inflation depends on parameters, but tends to …

We study the dynamics of inflation persistence in 45 countries for the period 1960-2008. We use a nonparametric unit … inflation data, and a test for multiple changes in persistence, which decomposes the sample information between adjacent I(0 …) and I(1) periods. We find that (1) With very few exceptions, inflation around the world rejects a unit root, (2) for …

We study the dynamics of inflation persistence in 45 countries for the period 1960-2008. We use a nonparametric unit … inflation data, and a test for multiple changes in persistence, which decomposes the sample information between adjacent I(0 …) and I(1) periods. We find that (1) With very few exceptions, inflation around the world rejects a unit root, (2) for …

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

money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector …Empirical studies of the global liquidity spillover on Indonesia's economy are still relatively limited. Most of the … global contagion literature on Indonesia's economy focuses only on the effects of real shock (on output) due to financial …

The paper aims to investigate the economic relationship between inflation and domestic debt. In countries that … experience high inflation, the inflationary process fed on increasing costs of domestic debt. As a result, the increasing debt to … countries into three groups. First group consists of Mexico, Turkey and Brazil; countries with high inflation experiences which …

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular … collected from national and international sources. Global factors explain a large share of the variance of national inflation …