Showing 1 - 10 of 12,085
Persistent link: https://www.econbiz.de/10003774225
framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective … uncertainties using US data. We find that high inflation is detrimental to output growth both directly and indirectly via the … nominal uncertainty. Output growth boosts inflation but mainly indirectly through a reduction in real uncertainty. Our …
Persistent link: https://www.econbiz.de/10013068979
The low rate of inflation observed in the U.S. over the entire past decade is hard to reconcile with traditional … the job explains this missing inflation. We derive this novel concept of slack from a model in which a drop in the on …
Persistent link: https://www.econbiz.de/10012222536
three inflation will increase (decrease) in the next quarter and three times out of five it will increase (decrease) the …
Persistent link: https://www.econbiz.de/10014112841
Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We … analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output …
Persistent link: https://www.econbiz.de/10011419407
Regarding inflation as being a monetary phenomenon in the long-run is a widely-heldDie Aussage, dass Inflation …
Persistent link: https://www.econbiz.de/10012991296
We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the coefficient in the Phillips curve on the …
Persistent link: https://www.econbiz.de/10011636803
Beaudry and Portier (2006) provide support for the "news view" of the business cycle, using a vector error correction model. We show that this result hinges on a cointegrating relationship between TFP and stock prices that is not stationary, thus making the estimates not reliable. If we alter...
Persistent link: https://www.econbiz.de/10012181050
and Karanasos (2008) to examine the intertemporal relationship between the uncertainties of inflation and output growth in … the US. We find that inflation uncertainty effects output variability positively, while output variability has a negative … effect on inflation uncertainty. …
Persistent link: https://www.econbiz.de/10003770689
framework we examine the twelve potential intertemporal relationships between inflation, growth and their respective … uncertainties using US data. We find that high inflation is detrimental to output growth both directly and indirectly via the … nominal uncertainty. Output growth boosts inflation but mainly indirectly through a reduction in real uncertainty. Our …
Persistent link: https://www.econbiz.de/10008758143