Global liquidity, money growth and UK inflation
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Financial Stability"
DOI: 10.1016/j.jfs.2019.05.012
Abstract: This paper uses tools from the classical theory of inflation for UK Consumer Price Inflation from 1970Q1 to 2017Q4. In particular, we adopt augmented Phillips curve type equations within a linear and regime-switching framework where… read more here.
Keywords: money growth; growth inflation; inflation; liquidity money ... See more keywords
Co-integration with score-driven models: an application to US real GDP growth, US inflation rate, and effective federal funds rate
Sign Up to like & getrecommendations! Published in 2021 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100521000365
Abstract: Nonlinear co-integration is studied for score-driven models, using a new multivariate dynamic conditional score/generalized autoregressive score model. The model is named t-QVARMA (quasi-vector autoregressive moving average model), which is a location model for the multivariate… read more here.
Keywords: inflation rate; driven models; growth inflation; application real ... See more keywords
Do German economic research institutes publish efficient growth and inflation forecasts? A Bayesian analysis
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Applied Statistics"
DOI: 10.1080/02664763.2019.1652253
Abstract: ABSTRACT We use Bayesian additive regression trees to reexamine the efficiency of growth and inflation forecasts for Germany. To this end, we use forecasts of four leading German economic research institutes for the sample period… read more here.
Keywords: german economic; growth inflation; inflation forecasts; efficiency ... See more keywords