This article proposes a multivariate model of inflation with conditionally heteroskedastic common and country …-2009. It is found that various model specifications considered fit well the first and second order dynamics of inflation in the … G7. The estimated volatility of the common inflation component captures the international effects of the 'Great …

This paper provides both theoretical insight as well as empirical evidence in support of the view that inflation is … largely a global phenomenon. First, we show that inflation across countries incorporates a significant common factor captured … by global inflation. Second, we show that in theory a role for global inflation in local inflation dynamics emerges over …

This paper provides both theoretical insight as well as empirical evidence in support of the view that inflation is … largely a global phenomenon. First, we show that inflation across countries incorporates a significant common factor captured … by global inflation. Second, we show that in theory a role for global inflation in local inflation dynamics emerges over …

This article proposes a multivariate model of inflation with conditionally heteroskedastic common and country …-2009. It is found that various model specifications considered fit well the first and second order dynamics of inflation in the … G7. The estimated volatility of the common inflation component captures the international effects of the ‘Great …

We explore the ability of core inflation to predict headline CPI annual inflation for a sample of 8 developing … sample of developing countries are currently implementing or given steps toward the future implementation of inflation … targeting regimes, which are heavily based on long run inflation forecasts …

How long does it take for exchange rate changes to pass through into inflation? Does it make a difference whether the …

How long does it take for exchange rate changes to pass through into inflation? Does it make a difference whether the …

We use a broad-range set of inflation models and pseudo out-of-sample forecasts to assess their predictive ability …

-difference version is not so suspect. While evidence is found of a long-run relationship between Austria inflation and money growth, even … also rejected, but there is a statistically significant long-run relationship between Austrian and German inflation …