Showing 1 - 10 of 5,417
Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …
Persistent link: https://www.econbiz.de/10012489562
which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section …This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is …
Persistent link: https://www.econbiz.de/10009010169
which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section …This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is …
Persistent link: https://www.econbiz.de/10009130496
which ムobservedメ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated …
Persistent link: https://www.econbiz.de/10013129942
We estimate real consumption's growth rate and volatility in light of three new facts documenting geographic differences in consumption: (1) consumers in separate markets buy different products, (2) a product's market share varies geographically conditional on relative price, and (3) product...
Persistent link: https://www.econbiz.de/10012932589
Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation …
Persistent link: https://www.econbiz.de/10013236388
which ‘observed' inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated …
Persistent link: https://www.econbiz.de/10013038262
Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries` shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the...
Persistent link: https://www.econbiz.de/10012781311
inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …
Persistent link: https://www.econbiz.de/10003664861
The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10011956540