Showing 1 - 10 of 18
last two years, can well be explained. Alongside the more traditional macroeconomic determinants like core inflation … model in different forecasting exercises. …
Persistent link: https://www.econbiz.de/10005836851
to raise them, it is necessary to study how these price levels affect to inflation rate and output growth. Oil prices …, inflation and interest rates and Gross Domestic Product historical data are collected for contegration analysis. Forward …
Persistent link: https://www.econbiz.de/10008578252
The liquidity problems that appeared on the interbank money markets during the financial crisis caused an increased volatility of the interbank interest rates, especially after September 2008. Banking institutions from the Euro zone have avoided the mutual funding, which resulted in a reduction...
Persistent link: https://www.econbiz.de/10011258912
This paper develops a simple sequential multiple horizon non-causation test strategy for trivariate VAR models (with one auxiliary variable). We apply the test strategy to a rolling window study of money supply and real income, with the price of oil, the unemployment rate and the spread between...
Persistent link: https://www.econbiz.de/10005561203
In this study an attempt has been made to develop and estimate the domestic credit policy reaction function to analyse the monetary implications of interventions and sterilisation policy in Pakistan using quarterly data ranging from 1982 Q3 through 2001 Q2. By employing Johansen multivariate...
Persistent link: https://www.econbiz.de/10005620139
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … deflator, it provides a root mean square forecasting error (RMFSE) of 1.0% at a four-year horizon for the period between 1971 … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation …
Persistent link: https://www.econbiz.de/10005835964
(RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models … relation between macroeconomic and population variables, to a practical one - an accurate out-of-sample inflation forecasting …Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 …
Persistent link: https://www.econbiz.de/10005836346
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and … estimated with eight new readings obtained since 2004. The rate of CPI inflation is predicted with RMSFE=1.5% per year. For the …
Persistent link: https://www.econbiz.de/10011109998
the CCA subspace algorithm, including a density forecasting analysis. …
Persistent link: https://www.econbiz.de/10005260280
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935