the countries in the region. Fourth, the estimated output gaps did not have any explanatory power on domestic inflation …

This paper analyzes trend and cycle movements of Hong Kong inflation. The empirical model is an unobserved components … model that is consistent with the New Keynesian Phillips curve and is estimated using Hong Kong, U.S., and China inflation … and output data. The model decomposes Hong Kong inflation into a stochastic trend and a stationary cycle component that is …

called GDP, increases, other things being equal, local inflows into the regions falls by -0.003%. It follows from this study …, if the GDP rate in Ghana goes up, domestic interest rate decreases by -0.98%. Again, if the GDP increases by 1% change …, inflation rate of Ghana falls significantly by -0.060%. In conclusion, local inflows into various regions do not react to the …

a nominal GDP target, which automatically divides an adverse supply shock equally between impacts on inflation and real …It has been proposed that central banks should target Nominal GDP (NGDP),as an alternative to targeting the money … supply, exchange rate,or inflation. But the proposal appears in the context of the largest advanced economies. In fact NGDP …

unemployment, inflation, bankruptcies, and GDP) is correlated with empirical measurements of the measures themselves. In other …