functional autoregressive (FAR) modeling approach to the density forecasting analysis of national inflation rates using sectoral … inflation rates in the UK over the period January 1997-September 2013. The pseudo out-of-sample forecasting evaluation and test … generating the density forecast of inflation, and analyse the performance of the central bank in achieving announced inflation …

This paper considers the application of long memory processes to describe inflation with seasonal behaviour. We use … inflation rates of four different countries, USA, Canada, Tunisia, and South Africa. The analysis is carried out using the … persistence is a common feature for inflation series. Note that neglecting the existence of additive outliers may possibly biased …

Forecasts of the rate of price inflation play a central role in the formulation of monetary policy, and forecasting … inflation is a key job for economists at the Federal Reserve Board. This paper examines whether this job has become harder and …, to the extent that it has, what changes in the inflation process have made it so. The main finding is that the univariate …

The economic literature provides evidence that inflation rates can co-move across nations because of a host of reasons … inflation rate co-movements between nine (9) African countries and their bilateral linkages with five (5) developed economies … relationship in time-frequency space in inflation rates of the selected countries. Several findings are documented. First …

-zone inflation rates are stationary and others are regime-wise stationary. While such results may reconcile some of the literature …

Monetary policy of the European Monetary Union targets aggregate euro area inflation. Concerns are growing that a focus … on aggregate inflation may cause national inflation rates to diverge. While different explanations for diverging … aggregate euro area inflation have been brought forward, the very impact of aggregation on divergence has, however, not been …