Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …

Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …

crisis. A cointegration analysis is performed over the sample period 1983 Q1 and 2015 Q1 and leads to a well-identified model … to substantial inflation pressure at the end of the sample. Excess liquidity models turnout to outperform the … autoregressive benchmark, as they deliver more accurate CPI inflation forecasts, especially at the longer horizons. The inclusion of …

the Great Recession, in which the effects of greater model uncertainty may have played a role in keeping inflation rates … equilibrium exists. We study the response differences in the dynamics of the inflation rate to changes in the mean and variance of …

may not be the right cures for the technical difficulty because a theory is to be founded more upon logic than … applicability. Neither may the money supply be lightly treated because the inflation rate should remain as a key macroeconomic …

instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …

instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …

, interest rates and inflation rate in ASEAN-5, namely Indonesia, Malaysia, Philippine, Singapore and Thailand. Using sample …) cointegration technique – two step Engle Granger (1987) and error correction model (ECM) clearly show that there exists a long run …-run relationships between M2 and real income, lending rates, interest rates and inflation rate for ASEAN-5 …