the observed time series. We develop a simulated maximum likelihood estimation method based on importance sampling and … applied to quarterly and monthly US inflation in an empirical study. We find that the persistence of quarterly inflation has … and density forecasts for monthly US inflation …

This study was carried out to estimate underlying inflation in Nigeria using Unobserved Component (UC) model. Also …. Therefore, unobserved component model with MA is more appropriate in modeling inflation persistence in Nigeria which is …, different channels were used to identify the source of inflation persistence and volatility. This was estimated using Bayesian …

The Phillips curve is central to discussions of inflation dynamics and monetary policy. In particular, the New … Keynesian Phillips Curve is a valuable tool to describe how past inflation, expected future inflation, and real marginal cost or … an output gap drive the current inflation rate. However, economists have had difficulty applying the New Keynesian …

any economy, Nigeria still contends with problems of high inflation and unemployment. This study examines the Phillips … curve hypothesis (inflation and unemployment trade-off) and its stability in Nigeria from 1980 to 2016 using the … Autoregressive Distributed Lag (ARDL) bounds testing approach. Other estimation techniques including the Fully Modified Ordinary …

tradeoff between output growth and inflation variability in Nigeria and to ascertain the impact of monetary policy regime …. Investigations reveal the existence of a short run tradeoff relationship between output growth and inflation within and across both … regime changes affected the magnitude of policy effects on output and inflation. Monetary policy had a stronger effect on …