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While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …Während die Langfristbeziehung zwischen Geld und Inflation in der Literatur als weitgehend gesichert gilt, ist …
Persistent link: https://www.econbiz.de/10010271412
effects of uncertainty shocks on inflation. We find the response of inflation to be statistically insignificant until mid …
Persistent link: https://www.econbiz.de/10014090743
The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed...
Persistent link: https://www.econbiz.de/10010492722
growth regime. Since the great financial crisis inflation developments have posed major puzzles to economists as inflation … paper analyses whether the wage-price pass-through may have contributed to these inflation puzzles. Applying the Threshold … or diminish the puzzle of the missing disinflation of the past two recessions suggesting that inflation should be …
Persistent link: https://www.econbiz.de/10012305400
Persistent link: https://www.econbiz.de/10012406029
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … higher inflation persistence at the upper than at the lower tail of the conditional inflation distribution. Based on post …
Persistent link: https://www.econbiz.de/10010281472
importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also …
Persistent link: https://www.econbiz.de/10010284235
While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can … state space model ; inflation ; money …
Persistent link: https://www.econbiz.de/10003943488
This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and …: First, we show that gold is partially able to hedge future inflation in the long-run and this ability is stronger for the …
Persistent link: https://www.econbiz.de/10009580064
We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … higher inflation persistence at the upper than at the lower tail of the conditional inflation distribution. Based on post …
Persistent link: https://www.econbiz.de/10009413308