rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

The paper seeks to shed light on inflation dynamics of four new EU member states (the Czech Republic, Hungary, Poland … inflation-forcing variable is fragile. (2) Inflation seems to be driven by external factors. (3) Although inflation holds … forward-looking component, the backward-looking one is substantial. An intuitive explanation for higher inflation persistence …

to 'normal times'. -- Cointegration ; gold price ; inflation hedge ; Markov-switching error correction …This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …: First, we show that gold is partially able to hedge future inflation in the long-run and this ability is stronger for the …

co-integration tests and the studies on South Africa primarily using short-span data from the post-Bretton Woods era, we … Dollar using annual data from 1910 – 2010. The results provide some support for the monetary model in that long-run co-integration …

We study the relation between inflation and real activity over the business cycle. We employ a Trend-Cycle VAR model to … control for low-frequency movements in inflation, unemployment, and growth that are pervasive in the post-WWII period. We show … that cyclical fluctuations of inflation are related to cyclical movements in real activity and unemployment, in line with …