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I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the …
Persistent link: https://www.econbiz.de/10009650037
future rates of inflation. The price and output gap models fare consistently better then the velocity gap model which brings … out the importance of non-monetary factors in explaining inflation dynamics in Bangladesh. The P* model can have wide …
Persistent link: https://www.econbiz.de/10004979268
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …
Persistent link: https://www.econbiz.de/10010251647
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …
Persistent link: https://www.econbiz.de/10010397702
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception … measures in forecasting headline inflation. …
Persistent link: https://www.econbiz.de/10010942905
During the last two decades, the world has experienced a remarkable process of disinflation, with average inflation … rates in industrialized countries falling by 10 percentage points and an even sharper decline of the mean rate of inflation … in developing countries. Parallel to the decline in inflation rates, a tremendous increase in economic integration …
Persistent link: https://www.econbiz.de/10010263812
I study the diffusion process of permanent disinflationary shocks in the Mexican economy using disaggregated price data for 283 goods across 46 cities in the period 1995-2012. I first show that the distribution of shocks shows considerable heterogeneity, with more than 80% of all cases having...
Persistent link: https://www.econbiz.de/10010206093
The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …
Persistent link: https://www.econbiz.de/10011797160
between inflation dynamics and rising market concentration. …
Persistent link: https://www.econbiz.de/10014414283
We test the menu cost model of Ball and Mankiw (1994, 1995) on data from the inflation and deflation periods in Japan … during both inflation and deflation, is strongly supported. The data are less clear on, but does not reject, the hypothesis … that the parameter on the standard deviation changes sign between inflation and deflation periods. …
Persistent link: https://www.econbiz.de/10010305944