.4 trillion to $8.8 trillion. The analysis presented in this paper indicates that an inflation-asset elasticity of 0.042 accounted …

wake of the global financial crisis. The analysis reveals that an inflation-asset elasticity of 0.084 under Chairman Powell …’s tutelage accounted for more than 90 percent of the increase in consumer prices, compared with an inflation-asset elasticity of …

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …

This paper applies linear and neural network-based "thick" models for forecasting inflation based on Phillips …

We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic … quarterly projections. We investigate whether the properties of the forecasts depend on the level of inflation, by … distinguishing whether the inflation observed by the ECB at the time of forecasting is above or below the target. The forecasts are …

We test for state-dependent bias in the European Central Bank's inflation projections. We show that the ECB tends to … underpredict when the observed inflation rate at the time of forecasting is higher than an estimated threshold of 1.8%. The bias is … most pronounced at intermediate forecasting horizons. This suggests that inflation is projected to revert towards the …

Inflation is one of the most challenging macroeconomic objectives capable of frustrating every pragmatic effort at … achieving other macroeconomics goals if not curtailed. To this end, the paper empirically examines the threshold inflation rate … a least square multivariate approach to estimate a threshold level of inflation. Further, error correction modeling (ECM …

This paper investigates the relationship between public expenditure growth and inflation in the United States of … America using the co-integration analysis and Granger Causality Model applied to Time Series Annual Data from 1970-2002. The … results indicate that public expenditure and inflation are co-integrated and thus there exist a long-run equilibrium relation …