Inflation Dynamics: A Cross-Country Investigation
نویسندگان
چکیده
منابع مشابه
Inflation Dynamics: A Cross-Country Investigation
We document that "persistent and lagged" ination (with respect to output) is a worldwide phenomenon in that these short-run ination dynamics are highly synchronized across countries. In particular, the average cross-country correlation of ination is signi cantly and systematically stronger than that of output, while the cross-country correlation of money growth is essentially zero. We invest...
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This is the first study to attempt to explain income inequality using unemployment and inflation and international cross-sectional data. Using a SURE system, inflation is found to have an increasing impact on the shares of the lower 80% of the income distribution, while reducing the share of the highest 20%. Unemployment has a negative effect on the share of the first 40%, while increases the s...
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this is the first study to attempt to explain income inequality using unemployment and inflation and international cross-sectional data. using a sure system, inflation is found to have an increasing impact on the shares of the lower 80% of the income distribution, while reducing the share of the highest 20%. unemployment has a negative effect on the share of the first 40%, while increases the s...
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Using a recently introduced nonparametric test, I investigate two important and distinct asymmetries in cross-country quarterly macroeconomic time series. Asymmetries are suggested by many theories (old and new), and those discovered aid in the selection of the appropriate nonlinear time series representation (useful, for example, in both forecasting and policy guidance). Further, asymmetries c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.893834