Showing 1 - 10 of 5,481
Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient … flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation …
Persistent link: https://www.econbiz.de/10012176383
Inflation uncertainty is a critical factor influencing not only the market mechanisms but also the economic activity … efficiency. In this paper, we investigated the relationship between inflation and growth to capture the impact of inflation … specification. We used Hansen's (2001) Threshold Regression (TR) analysis to determine one threshold effect of inflation on growth …
Persistent link: https://www.econbiz.de/10015434230
This paper explores bidirectional linkage between inflation and its uncertainty by observing monthly data of 11 Eastern … European countries. The methodological approach comprises two steps. First, inflation uncertainty series have been created by … choosing an optimal Generalized Autoregressive Conditional Heteroskedasticity- (GARCH) type model. Subsequently, inflation and …
Persistent link: https://www.econbiz.de/10011890489
Persistent link: https://www.econbiz.de/10003025534
This paper revisits the accuracy of inflation forecasting using activity and expectations variables. We apply Bayesian … values of inflation, a host of real activity data, term structure data, nominal data and surveys. In this model average we … affect any inflation forecast model. The different versions of our framework are used to model U.S. PCE deflator and GDP …
Persistent link: https://www.econbiz.de/10014204417
the linkages between inflation and inflation uncertainty in nine Asian countries. The results show that inflation … positively causes inflation uncertainty in all economies regardless of whether economies are inflation or non-inflation targeting …. The Friedman-Ball hypothesis is thus supported. In addition, inflation uncertainty positively causes inflation in most …
Persistent link: https://www.econbiz.de/10014098829
). The empirical results show the relevance of the modeling approach and provide evidence of regime change in inflation …
Persistent link: https://www.econbiz.de/10012968414
This study explored the degree of inflation persistence in Thailand using both monthly headline and sectoral CPI … indices during the 1985-2012 period. The results showed that the degree of inflation persistence for the headline inflation … did not exist under the fixed exchange rate regime, even though some sectoral inflation series exhibited persistence …
Persistent link: https://www.econbiz.de/10013033411
economies. In the environment of low inflation, the fading relationship between the price dynamics and the adjustments in the … hybrid NKPC parameters. The results advocate that a statistically significant relationship between inflation and the domestic … flatten as the inflation's sensitivity with respect to changes in economic slack diminishes. That notwithstanding, the impact …
Persistent link: https://www.econbiz.de/10012987465
According to Monetarist Milton Friedman (1970), Inflation is always and everywhere a monetary phenomenon. There is a … large number of researches conducted to understand the exact nature of relation between money supply and inflation, there … causal relationship between inflation measured on Wholesale Price Index (WPI) and a host of its determinants like Gross …
Persistent link: https://www.econbiz.de/10012911734