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Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10005041948
fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …
Persistent link: https://www.econbiz.de/10009322891
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …
Persistent link: https://www.econbiz.de/10005835964
Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models … relation between macroeconomic and population variables, to a practical one - an accurate out-of-sample inflation forecasting …
Persistent link: https://www.econbiz.de/10005836346
inflation. This study focuses on the modern OPEC period since 1973. The results differ along a number of dimensions from the … sustained reduction in economic growth for a year. They also suggest a spike in CPI inflation three quarters after the exogenous … oil supply shock rather than a sustained increase in inflation, as is sometimes conjectured. Finally, the results of this …
Persistent link: https://www.econbiz.de/10005124344
We analyze the causal effects of real and nominal macroeconomic uncertainty on inflation and output growth by … inflation uncertainty diminishes growth rates, mainly at a high-inflation regime. Finally, real uncertainty has mixed effects on … average inflation, while the effect of nominal uncertainty is typically positive, especially so during inflationary periods …
Persistent link: https://www.econbiz.de/10011065298
This paper analyses the impact of oil price shocks on both the GDP growth and on inflation in the economy of Spain and … periods across the sample. Evidence of a diminishing effect of oil price shocks on GDP growth and on inflation is found from … GDP and between 1986 and 1994 and the 2000s for inflation. In the regions, the influence of oil price shocks on the GDP …
Persistent link: https://www.econbiz.de/10011039528
This paper presents evidence on the persistence of inflation in the United States over the period 1947- 2010. Of … particular interest is whether the persistence of inflation has changed over that time period. We use a reduced form approach to … measuring inflation persistence, modeling inflation as an autoregressive process. We measure persistence as the half-life of a …
Persistent link: https://www.econbiz.de/10010878555
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10008531663
predictor of core inflation than other measures …
Persistent link: https://www.econbiz.de/10013214672