The distributed lags models enable the construction of the lag mean, median and variance. The estimators of parameters of the distributed lags models and the autoregressive distributed lags models enable to create the estimators of these basic characteristics. It is obvious that the values of...

This paper is engaged in the construction and interpretation of short-term time series of annual rate of inflation. The quarterly time series of the annual rates of inflation can be understood as the series of moving aggregates of the quarterly rates of inflation. When it is considered that the...

It can be observed that the volatility of high frequency time series (daily and higher frequency) has in certain time periods different level. The classical time series linear modelling methodology is based on condition of constant volatility. There are two conceptions of solution of the problem...

The co-integration of time series indicates the presence of their common trends. For analytical purpose it is important to transform some time series into gap form. This transformation can be received as a difference between the time series and the common trends. The model of demand for money in...

Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of...

The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors...

Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly...