the naive one by a factor of 2 to 3. The relationships for inflation were successfully tested for cointegration. We have … and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and …

A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit …

Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models …) and has a perfect parsimony - only one predictor. The relationship is tested for cointegration. Both variables are …

Inflation has been the major global economic problem for most economies throughout the world over the last three … money. According to this hypothesis, inflation results solely from a maintained expansion of the money stock at rates in …, which may have influenced prices, were included in the cointegration regressions. Second, the finding of a unidirectional …

framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for …

The aim of this article is to assess the empirical evidence of the nexus between public expenditure and inflation for …(2) process. Moreover, we find a long-run relationship between the growth of public expenditure and inflation only for … inflation for Cyprus, Malta and Spain; of a bidirectional flow for Italy; and from inflation to public expenditure for France …

threshold levels of inflation and capacity utilization that erode price rigidity. Our results reinforce the existence of …

of the prices and output equations show that cointegration of the general price level, money stock and aggregate output … the target is to stimulate growth and to control inflation. …

the period of 1972-2013. Time series econometric techniques like unit root test, Johansen cointegration and Granger … causality methods have been used for the data analysis. Long run cointegration relationship has been found between domestic … between investment and inflation is confirmed in neither direction. The results are statistically robust and the estimated …

Turkey. We test long run, short run and causality relationship of these series. Johansen’s cointegration tests present a long … no causality in short run. Thus our results suggest demand pull inflation in long run. …