Neely, Christopher J.; Rapach, David E. - Federal Reserve Bank of St. Louis - 2008
component accounts for 34% of inflation variability on average across countries, although the importance of this global factor … explain the cross-section variation in the relative importance of global influences. A parsimonious model of time variation in … number of
Asian economies since 1979.
JEL codes: C32, E31, E52, F42
Keywords: Inflation, dynamic latent factor model …