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How have inflation dynamics changed over time? Evidence from the euro area and USA
Oinonen, Sami; Paloviita, Maritta; Vilmi, Lauri - Suomen Pankki - 2013
This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus … results indicate that in both economic areas the inflation dynamics have steadily become more forward-looking over time. We …
Persistent link: https://www.econbiz.de/10010818992
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Adaptive models and heavy tails
Delle Monache, Davide; Petrella, Ivan - 2014
attain local stationarity and bounded mean values. The model is applied to the analysis of inflation dynamics. Allowing for …
Persistent link: https://www.econbiz.de/10011380995
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Adaptive models and heavy tails
Delle Monache, Davide; Petrella, Ivan - 2014
attain local stationarity and bounded mean values. The model is applied to the analysis of inflation dynamics. Allowing for …
Persistent link: https://www.econbiz.de/10010382183
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Adaptive Models and Heavy Tails
Monache, Davide Delle; Petrella, Ivan - School of Economics and Finance, Queen Mary - 2014
attain local stationarity and bounded mean values. The model is applied to the analysis of inflation dynamics. Allowing for …
Persistent link: https://www.econbiz.de/10011099069
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Adaptive Models and Heavy Tails
Monache, Davide Delle; Petrella, Ivan - Birkbeck, Department of Economics, Mathematics & Statistics - 2014
attain local stationarity and bounded mean values. The model is applied to the analysis of inflation dynamics. Allowing for …
Persistent link: https://www.econbiz.de/10011031488
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A noncausal autoregressive model with time-varying parameters : an application to US inflation
Lanne, Markku; Luoto, Jani - 2013
We propose a noncausal autoregressive model with time-varying parameters, and apply it to U.S. postwar inflation. The … model .fits the data well, and the results suggest that inflation persistence follows from future expectations. Persistence … curve indicate that current inflation also depends on past inflation although future expectations dominate. The implied …
Persistent link: https://www.econbiz.de/10009724822
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How Have Inflation Dynamics Changed over Time? Evidence from the Euro Area and USA
Oinonen, Sami - 2013
This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian … hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus … results indicate that in both economic areas the inflation dynamics have steadily become more forward-looking over time. We …
Persistent link: https://www.econbiz.de/10013081651
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A Noncausal Autoregressive Model with Time-Varying Parameters : An Application to U.S. Inflation
Lanne, Markku - 2013
We propose a noncausal autoregressive model with time-varying parameters, and apply it to U.S. postwar inflation. The … model fits the data well, and the results suggest that inflation persistence follows from future expectations. Persistence … curve indicate that current inflation also depends on past inflation although future expectations dominate. The implied …
Persistent link: https://www.econbiz.de/10013084430
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Asymmetries in Effects of Domestic Inflation Drivers in the Baltic States : A Phillips Curve-Based Nonlinear ARDL Approach
Mihajlovic, Vladimir; Marjanovic, Gordana - 2021
This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the … affect the inflation rate by employing a nonlinear autoregressive distributed lag approach (NARDL) and the Phillips curve …. Empirical results demonstrate the long-run asymmetry as inflation in Estonia and Lithuania responds more significantly to …
Persistent link: https://www.econbiz.de/10013243019
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Enflasyon dinamiklerindeki değişim: döviz kuru geçişkenliği güçleniyor mu?
Kara, Hakan; Sarıkaya, Çağrı - 2021
Persistent link: https://www.econbiz.de/10012694646