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 … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

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 … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

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 …

The stability of the demand for real M1 in Indonesia is empirically examined using quarterly data between 1981 and 2002 … Indonesia is empirically stable and consists of a small number of variables. In the long run, the real private household … spending in Indonesia during the Asian crisis …

cointegration between exchange rates and consumer price indices. The impulse response function presents a graphical view which is …

We study the effects of inflation in models with various trading frictions. The framework is related to recent search … model, under posting the cost of inflation is similar to previous estimates, around 1% of consumption. Under bargaining, it … is considerably bigger, between 3% and 5%. Under price taking, the cost of inflation depends on parameters, but tends to …

This study examines the impact of oil price shocks on inflation in Nigeria. A Non-Linear Autoregressive Distributed Lag … toincrease in headline, core and food measures of inflation in Nigeria. However, a de-cline in oil price resulted in a decline in … the marginal cost of production and culmi-nated in moderation of domestic inflation. Furthermore, negative oil price …

We study the convergence properties of inflation rates among the countries of the European Monetary Union over the … and multivariate unit root tests on inflation differentials, arguing that the power of the tests is considerably increased … hypothesis over the period 1980-1997. We then investigate whether the second sub-sample is characterized by stable inflation …