This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for … inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the … at all with either the inflation coefficient or our estimated turning point. With the middle income countries, we return …

periods is attributed to the time-varying volatility of shocks. The history for inflation is more nuanced, as a more vigorous …In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE …) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …

devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is …

This paper is concerned with the Bayesian estimation and comparison of flexible, high dimensional multivariate time … factor model with that of the heavy tailed univariate stochastic volatility model. A unified analysis of the model, and its … special cases, is developed that encompasses estimation, filtering and model choice. The centerpieces of the estimation …

, insbesondere der Zeitreihenanalyse liegt. Das Konzept besteht darin, sämtliche wiederkehrenden Aufgaben mit Hilfe von Java …

This paper empirically examines the impact of oil price levels and volatility on key macroeconomic indicators of … Indonesia. In particular, two measures of volatility – historical volatility and realized volatility – are utilized and compared … for their different macroeconomic impacts. The relationships between oil price levels, the two volatility measurements …

question and to estimate the model.My second chapter revisits the welfare cost of anticipated inflation in an incomplete … provides an insurance channel to individuals against changes in the return on nominal balances through inflation as documented … by Aguiar and Hurst (2007) and McKenzie and Schargrodsky (2011). In my model economy, a higher level of inflation affects …