CYCLIC DYNAMICS OF INFLATION: EMPIRICAL ANALYSIS

Cyclic Inflation

Inflation Dynamics in a Dutch Disease Economy

Abstract In this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy New Keynesian Phillips Curve. This curve is derived and estimated for a developing oil-exporting economy suffering from Dutch Disease. This version of NKPC is an extension of Leith and Malley’s (2007) small open econom...

Inflation Dynamics and Inflation Regimes

In this paper we develop and estimate a new-Keynesian model of inflation and use it to investigate the hypothesis that prices in the UK are re-set more frequently during periods of high inflation. In the model, firms are assumed to condition their expectations on an optimally-selected but incomplete information set and we further assume that the probability that they will reset their price in a...

An Empirical Analysis of Dynamic Interrelationships Among Inflation, Inflation Uncertainty, Relative Price Dispersion, and Output Growth

Within a unified framework, the author conducts an empirical investigation of dynamic interrelationships among inflation, inflation uncertainty, relative price dispersion, and output growth. Focusing on the Canadian industrial sector, the author finds weak evidence that inflation uncertainty rises with the level of inflation, with short-run inflation uncertainty minimized at a trend inflation r...

Parallel Work Inflation, Memory Effects, and their Empirical Analysis

In this paper, we propose an empirical method for evaluating the performance of parallel code. Our method is based on a simple idea that is surprisingly effective in helping to identify causes of poor performance, such as high parallelization overheads, lack of adequate parallelism, and memory effects. Our method relies on only the measurement of the run time of a baseline sequential program, t...