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The paper analyses the development in inflation in Denmark during the last century. New annual input-output based time …-series data for the underlying domestic inflation in Denmark 1903-2002 is constructed by stripping the development in the private … analysis seems to suggest that an input-output based underlying inflation measure paints a fundamentally different picture of …
Persistent link: https://www.econbiz.de/10010321214
The paper analyses the development in inflation in Denmark during the last century. New annual input-output based time …-series data for the underlying domestic inflation in Denmark 1903-2002 is constructed by stripping the development in the private … analysis seems to suggest that an input-output based underlying inflation measure paints a fundamentally different picture of …
Persistent link: https://www.econbiz.de/10003290129
lower rates. Moreover, inflation is accelerated internationally, due to increases in oil prices and food prices. In this …
Persistent link: https://www.econbiz.de/10013137253
This paper empirically tests the Kumara Swamy Theorem of Inflationary Gap for Canada over the period 1997-2011 and compares the results with Lazaridis and Livanis (2010) for the Greek and Cypriot economies. While this paper finds favorable results in the direction of the hypothesis, it...
Persistent link: https://www.econbiz.de/10013099699
Inflation is a key economic indicator that affects all economic agents. But the mechanisms by which price data are … measured inflation rates. Focusing on UK data, this article examines the differing processes for measuring consumer prices …, producer prices, and other measures of inflation. It considers the data collection process at the microeconomic level, how …
Persistent link: https://www.econbiz.de/10013100061
This paper empirically tests the Kumara Swamy Theorem of the Inflationary Gap for the U.S.A, Canada and Mexico, the three countries that constitute the North American Free Trade Agreement (NAFTA), over the period 1997-2011. The study obtained data from the World Bank's World Development...
Persistent link: https://www.econbiz.de/10013084620
We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …
Persistent link: https://www.econbiz.de/10013067922
Der Krieg in der Ukraine schafft neue und verschärft bestehende Anpassungslasten für die gesamte Volkswirtschaft. Im folgenden Beitrag werden Orientierungspunkte für die ökonomischen Auswirkungen des Krieges auf die deutsche Wirtschaft aufgezeigt. Diese Effekte hängen von den politischen...
Persistent link: https://www.econbiz.de/10013169351
Disagreement in inflation expectations observed from survey data varies systematically over time in a way that reflects … the level and variance of current inflation. This paper offers a simple explanation for these facts based on asymmetries … in the forecasters' costs of over- and under-predicting inflation. Our model implies (i) biased forecasts; (ii) positive …
Persistent link: https://www.econbiz.de/10012723113
In this paper, we examine the relationship between the price level and output and the inflation rate and output at … output and between the inflation rate and output. We apply linear filters to the cyclical components, create a time series …
Persistent link: https://www.econbiz.de/10013054635