منابع مشابه
Are Wages Useful in Forecasting Price Inflation?
Wages and prices are closely related. Wages are an important part of businesses’ costs and are thus tied to their pricing decisions. Similarly, people take the general level of prices into account when figuring out how much pay they deserve for their work. It is intuitive, therefore, that wage data could contain important information about prices and, in particular, might be useful for forecast...
متن کاملForecasting Mexico’s Inflation: the Effects of an Inflation Targeting Regime
This paper studies the effects the implementation of an inflation targeting (IT) regime has on the dynamics of inflation in Mexico. We contextualize the need for a regime change and study whether the implementation of this regime has made a considerable change in the dynamics of inflation in Mexico. Consumer prices are modelled using a markup model. The markup model suggests a long run relation...
متن کاملForecasting Inflation and the Inflation Risk Premiums Using Nominal Yields
Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. Abstract We provide a decomposition of nominal yields into real yields, expectations of future inflation and inflation risk premiums when real bonds or...
متن کاملOn Inflation Accounting in China
Recently, China has a more prominent trend of domestic price rise, which has obviously influenced public’s daily life and corporate production and operation. If we don’t take effective measures to deal with price trend, it will lead to further strengthened inflation expectation and deteriorate market economy order. Business community is actively seeking countermeasures to deal with the impact o...
متن کاملHow Useful is Core Inflation for Forecasting Headline Inflation ?
The paper constructs various core inflation measures. These include various trimmed means using disaggregated data and a structural VAR estimate of core inflation for Ireland. The ability of these core inflation measures to forecast future headline inflation is compared using a regression model. An ARIMA model fitted to the headline inflation rate is used as the benchmark forecast. The forecast...
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ژورنال
عنوان ژورنال: China Economic Journal
سال: 2008
ISSN: 1753-8963,1753-8971
DOI: 10.1080/17538960802567818