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good approximation of U.S. inflation dynamics. By contrast, if the same estimates are constrained to yield a unique stable …
Persistent link: https://www.econbiz.de/10005412787
The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for …
Persistent link: https://www.econbiz.de/10005407874
Using a recently introduced nonparametric test, I investigate two important and distinct asymmetries in cross-country quarterly macroeconomic time series. Asymmetries are suggested by many theories (old and new), and those discovered aid in the selection of the appropriate nonlinear time series...
Persistent link: https://www.econbiz.de/10005412800
) estimation find the forward- looking component to be large (small). A rationalization for this conflict is provided, allowing for …
Persistent link: https://www.econbiz.de/10005062538
) estimation find the forward- looking component to be large (small). A rationalization for this conflict is provided, allowing for …
Persistent link: https://www.econbiz.de/10005119217
This paper discusses the econometric model of inflation processes in the Republic of Belarus which makes it possible to … period 1994 - 2003. For estimation of the model the author used the statistical tools of nonstationary time series …
Persistent link: https://www.econbiz.de/10005561160
English Titel :The equilibrium rate of unemployment : a theorical discussion and an empirical evaluation for six OECD countries This paper examines the notion of 'equilibrium rate of unemployment' (ERU). An 'assymetric' wage-price setting based on a a wage Philips curve and on a price equation...
Persistent link: https://www.econbiz.de/10005126175
Inflation is a far from homogeneous phenomenon, but this fact is ignored in most work on consumer price inflation …, allowing sectoral sources of inflation to be identified. Aggregating the forecasts of the components with appropriate weights …
Persistent link: https://www.econbiz.de/10005062419
We build a 4-equation model of the inflation process in South Africa (which has recently adopted inflation targeting … inflation. The model is in the tradition of central bank models of the inflation process, but carefully tests for asymmetries …
Persistent link: https://www.econbiz.de/10005556034
was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly …
Persistent link: https://www.econbiz.de/10005126131