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This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …
Persistent link: https://www.econbiz.de/10011819378
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …
Persistent link: https://www.econbiz.de/10011815117
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory. -- Employment Growth ; Inflation ; Output Growth ; Golden …
Persistent link: https://www.econbiz.de/10009487899
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009162091
Persistent link: https://www.econbiz.de/10011995632
area to examine the pass-through to headline CPI, core CPI, PPI and import price inflation vis-à-vis other global and … domestic shocks. The results suggest that shipping cost uncertainty shocks have sizeable effects on all inflation measures and … affect significantly core CPI inflation. These findings imply that shipping cost mean and uncertainty should also be …
Persistent link: https://www.econbiz.de/10014435288
This paper uses fractional integration and cointegration in order to model the DM/dollar and the yen/dollar real exchange rates in terms of both monetary and real factors, more specifically real interest rate and labour productivity differentials. We find that whilst the individual series may be...
Persistent link: https://www.econbiz.de/10009611542
Persistent link: https://www.econbiz.de/10000964959
This paper analyses the relationship between CPI and real GDP in both the US and the UK using fractional integration and long-range dependence techniques. All series appear to be highly trended and to exhibit high degrees of integration and persistence, especially in the case of CPI. Since the...
Persistent link: https://www.econbiz.de/10012494781
Persistent link: https://www.econbiz.de/10009231327