This paper constructs a quarterly series of GDP deflator inflation for China from 1979 to 2009 and tests for a … structural break with an unknown change point in the dynamic inflation process. Empirical results suggest a significant … structural change in inflation persistence. Employing a counterfactual simulation method, we show that the structural change is …

Inflation is usually defined as a generalized and persistent change in the price level. But this notion seems to be …, that inflation dynamics is always dominated by a strong comovement in sectoral prices. Nor that absolute price changes … predominate over relative price adjustment. What is more, it is expected that in normal times, when inflation remains at a low …

Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation, strong long-run comovement between RPV and inflation is found for both economies, that extends to the short run …

This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the …-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …

This paper investigates the relationship between inflation and inflation uncertainty in twelve EMU countries. A time …-varying GARCH model is estimated to distinguish between short-run and steady-state inflation uncertainty. The effects of the …-state inflation has generally remained stable, steady-state inflation uncertainty and inflation persistence have both increased, and …

for the impact of real (output growth) and nominal (inflation) macroeconomic uncertainty on inflation and output growth … expectations, inflation uncertainty in several cases improves the output growth performance of an economy implying that the focus … of European monetary policy strategy on stabilising inflation rather than output growth may be misplaced. Third …

Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …

situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …