Most studies on U.S. inflation forecasting have focused on predicting the mean inflation using time series and Phillips Curve (PC) models. The findings indicate that using real economic indicators (such as unemployment or the output gap) improve out-of-sample forecasting performance during the late 1970s and the first half of the 1980s. But after 1985, PC based forecasts do not lead to forecast...

Inflation targeting is a monetary-policy strategy that was introduced in New Zealand in 1990, has been very successful in terms of stabilizing both inflation and the real economy, and as of 2007 had been adopted by more than 20 industrialized and non-industrialized countries. It is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major ...

This essay introduces a new featured section, to be published in Small Axe annually, that explores the critical vocabulary of field Caribbean studies.

Abstract “Queer” is a relatively recent and somewhat controversial term in African studies. Yet it proving to be productive, not only for understanding subjectivities of sexuality gender, but also situating Africa’s position the larger economy knowledge. Otu van Klinken explore productive tensions between “queer” “Africa,” aim read Africa as queer from Africa. Thus, rather than imagining polar ...

Unlike the standard assumption that the degree of impatience, measured by the rate of time preference, is increasing in wealth, empirical studies support that impatience is marginally decreasing. By introducing decreasing marginal impatience into the neoclassical monetary growth model á la Sidrauski, we show that (i) consistently with empirical results, an increase in the core rate of inflation...

Inflation of cosmic gauge and global strings is investigated by numerically solving the combined Einstein and field equations. Above some critical symmetry-breaking scales, the strings undergo inflation along the radial direction as well as the axial direction at the core. The nonsingular nature of the spacetimes around supercritical gauge and global strings is discussed and contrasted to the s...