Similar Search Results

Wieland, Volker; Wolters, Maik Hendrik - 2012

Persistent link: https://www.econbiz.de/10010368564

Price dispersion and inflation: New facts and theoretical implications

Sheremirov, Viacheslav - 2015

In macroeconomic models, the level of price dispersion - which is typically approximated through its relationship with inflation - is a central determinant of welfare, the cost of business cycles, the optimal rate of inflation, and the tradeoff between inflation and output stability. While the...

Persistent link: https://www.econbiz.de/10011460695

Short-term inflation forecasting models for Nigeria

Doguwa, Sani I.; Alade, Sarah O. - In: CBN Journal of Applied Statistics 04 (2013) 3, pp. 1-29

Nigeria. This paper proposes four short-term headline inflation forecasting models using the SARIMA and SARIMAX processes and … relatively bad. For forecast of food inflation up to ten months ahead SARIMA is recommended, but for eleven to twelve months … ahead the SARIMAX model performs better. However, the SARIMA model for core inflation consistently outperforms the SARIMAX …

Persistent link: https://www.econbiz.de/10011518779

Inflation targeting and price-level-path targeting in the GEM: Some open economy considerations

Coletti, Donald; Lalonde, René; Muir, Dirk - 2008

This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period. The analysis is conducted in a...

Persistent link: https://www.econbiz.de/10010279982

Real Estate Mutual Funds : Performance and Persistence

Lin, Crystal Yan - 2007

This study analyses the performance of real estate mutual funds for 1993 through 2001 period. The results indicate that real estate mutual funds do not provide positive abnormal performance on average. Fund performance to a large extent is determined by the performance of the real estate sector...

Persistent link: https://www.econbiz.de/10012778062

Forecasting With a Forward-Looking DGE Model - Combining Long-Run Views of Financial Markets With Macro Forecasting

Mannisto, Hanna-Leena - 2007

To develop forecasting procedures with a forward-looking dynamic general equilibrium model, we built a small New-Keynesian model and calibrated it to euro area data. It was essential in this context that we allowed for long-run growth in GDP. We brought additional asset price equations based on...

Persistent link: https://www.econbiz.de/10012728922

Sectoral shocks and monetary policy in the United Kingdom

Dixon, Huw; Franklin, Jeremy; Millard, Stephen Patrick - 2021

In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates. To do this we construct a Generalised Taylor model that takes specific account of the sectoral make-up of the consumer price index (CPI). We calibrate the model for each sector...

Persistent link: https://www.econbiz.de/10012591789

The laws of motion of the broker call rate in the United States

Garivaltis, Alex - In: International Journal of Financial Studies : open … 7 (2019) 4/56, pp. 1-23

In this paper, which is the third installment of the author´s trilogy on margin loan pricing, we analyze 1367 monthly observations of the U.S. broker call money rate, e.g., the interest rate at which stockbrokers can borrow to fund their margin loans to retail clients. We describe the basic...

Persistent link: https://www.econbiz.de/10012150532

The Low Inflation 'Puzzle' and Financial Crises

Carr, Douglas - 2019

Low and unresponsive inflation has been termed a “puzzle.” The paper describes a formula for which these conditions have been a prediction since early 2016.The Money Value Formula analyzes the unit value of a currency solely as a function of long lags of monetary aggregates. The Formula...

Persistent link: https://www.econbiz.de/10012858878

Business-Cycle Macroeconomics in an Asset Pricing Financial Economy

Tse, Wai Man - 2020

The paper introduces a portfolio-based Keynesian dynamic stochastic general disequilibrium model. It is an endogenous phase-switching macroeconomic model of risky investment where the rational expectation is applied in the financial market with three financial instruments of stocks, credits, and...

Persistent link: https://www.econbiz.de/10012839941