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A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …
Persistent link: https://www.econbiz.de/10005835964
fluctuations of output gap, however constructed or measured, are a good predictor of inflation in the UAE. This is carried out by … inflation in the UAE. …
Persistent link: https://www.econbiz.de/10009322891
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …
Persistent link: https://www.econbiz.de/10009647210
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …
Persistent link: https://www.econbiz.de/10009647457
I develop a structural model of inflation by combining two different models of price setting behavior: the sticky price … resultant SP/SI Phillips curve models inflation better than either the sticky price or sticky information models. The results …
Persistent link: https://www.econbiz.de/10005789618
numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear …
Persistent link: https://www.econbiz.de/10005623454
inflation compared with fluctuations in output and the real exchange rate. The study of the Bayesian impulse-response functions … inflation from the inflation target. However, no evidence is found of a shock absorbing role of the informal sector in the case …
Persistent link: https://www.econbiz.de/10011240203
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
Econometric evidence suggests the existence of two dynamics in the postwar U.S. housing market: (i) housing rental and purchase prices co-move positively in response to productivity shocks, and (ii) the purchase price exhibits much larger volatile movements than the rental price in response to...
Persistent link: https://www.econbiz.de/10009323636
This paper investigates the accuracy of point and density forecasts of four DSGE models for inflation, output growth …
Persistent link: https://www.econbiz.de/10009422087