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This report presents the summary results of purchasing power parities (PPP) in the 2011 International Comparison Program in Asia and the Pacific and background information on the concepts that underpin the results. The PPPs are disaggregated by major economic aggregates which enable robust...
Persistent link: https://www.econbiz.de/10010942332
(1978 to 2010) of WPI and CPI …
Persistent link: https://www.econbiz.de/10008833441
We decompose core CPI and the food and energy CPI measures into permanent and transitory components using a correlated … unobserved components model, to examine the behavior of core CPI when subject to shocks and to examine the claim that core CPI … captures the persistent part of headline CPI. We find that the permanent component of core CPI is more volatile than core CPI …
Persistent link: https://www.econbiz.de/10008641972
the relative price trend of the CPI and the PPI, which is observed in the actual data. Then, we show that the Ramsey …-optimal inflation rate of the CPI is positive while that of the PPI is negative. In addition, the efficient allocation cannot be …
Persistent link: https://www.econbiz.de/10010907509
This paper investigates the use of dynamic factor model for forecasting headline and core inflation as well as food price index in Poland. Method applied in the study extend conventional approaches by using bayesian techniques to dynamic factors' estimation, way of handling "ragged edge" data...
Persistent link: https://www.econbiz.de/10010942543
Persistent link: https://www.econbiz.de/10008486712
This paper addresses the relative importance of monetary indicators for forecasting inflation in the euro area in a Bayesian framework. Bayesian Model Averaging (BMA)based on predictive likelihoods provides a framework that allows for the estimation of inclusion probabilities of a particular...
Persistent link: https://www.econbiz.de/10010295846
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