Abstract This paper applies a new approach to the identification of discourses, based on Multiple Correspondence Analysis (MCA), study discourse variation over time. The MCA keywords deals with major issue use identify discourses: allocation individual multiple discourses. Yet, as this demonstrates, also allows us observe in prevalence discourses texts patterns keyword co-occurrence. Metadata c...

T he curve first drawn by A.W. Phillips in 1958, highlighting a negative relationship between wage inflation and unemployment, figured prominently in the theory and practice of macroeconomic policy during 1958–1996. Within a decade of Phillips’ analysis, the idea of a relatively stable longrun tradeoff between price inflation and unemployment was firmly built into policy analysis in the United ...

We examine the extent to which monetary policy should respond movements in sectoral inflation rates using a Generalized Taylor model that takes specific account of make-up consumer price index. calibrate for each sector UK microdata. find rule allowing different responses sectors outperforms targeting only aggregate inflation, as does responding core inflation. However, we optimal leads small a...

economic growth and employment. Good policy practice can be judged by the outcomes achieved. Therefore, I would like to briefly outline the Federal Reserve’s performance with respect to the level and the variability of inflation and growth. To be sure, the strong economic performance over the past two decades has several possible explanations, but the practice of monetary policy has likely cont...

The evidence in the inflation forecasting literature suggests that simple time series models are typically hard to outperform in predicting the dynamics of the first moment, and that using information about indicators of economic activity does not lead to out-of-sample forecasting gains. While most of the earlier literature focused on the ability of leading indicators (via the Phillips Curve PC...

Authors are requested to select key words from the following list. You may use plurals and adjectives for combinations like absolute pupillary response, centrifugal optic nerve, inter blobs, etc. If key words are needed which do not appear in this list, please underline them. For animal classification the Latin nomenclature should be used. p-mechanism A-scan a-wave aberration absolute absorptio...

This paper develops a stochastically-based method of measuring core inflation. The approach exploits the persistent tendency towards high kurtosis evident in the cross-sectional distribution of consumer price changes evident in New Zealand and elsewhere. High kurtosis makes the sample mean a less efficient and less robust estimator of the population, or underlying, mean price change than is an ...

Central banks like the Bank of England or the Bundesbank have highlighted recently that the supply of currency is achieved not by means of printing and spending but by means of credit. This clarification raises further issues. This article addresses the issue of seigniorage and optimal inflation. So far approaches to seigniorage and optimal inflation are still based on the assumption of a curre...