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A New Model of Inflation, Trend Inflation, and Long-Run Inflation Expectations [PDF]

open access: yesJournal of Money, Credit and Banking, 2018
Abstract This paper develops a bivariate model of inflation and a survey‐based long‐run forecast of inflation that allows for the estimation of the link between trend inflation and the long‐run forecast. Thus, our model allows for the possibilities that long‐run forecasts taken from surveys can be equated with trend inflation, that ...
Todd Clark   +2 more
exaly   +6 more sources

Authorship Inflation: A Trend Reversed [PDF]

open access: yesLancet, The, 1995
Contains fulltext : 21366___.PDF (Publisher’s version ) (Open Access)
J P Drenth
exaly   +3 more sources
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Trend inflation as a workers’ discipline device

Empirica, 2012
The paper shows that a monetary policy regime that allows for a positive inflation rate disciplines monopolistic wages setters if these, when setting contracts, internalize the consequences of their choices for economic outcomes over the life of the contract.
DI BARTOLOMEO, Giovanni   +2 more
openaire   +3 more sources

Measuring Trend Inflation and Inflation Persistence for India

2016
In this study we propose a new measure of trend inflation for India. Using monthly data for CPI-IW inflation, we use a multivariate unobserved component model that incorporates information from food and energy prices and provides an estimated trend inflation that we argue is a more reasonable measure of long-run inflation expectations in India.
Vipul Bhatt, N. Kundan Kishor
openaire   +1 more source

Trend Inflation, Wage and Price Rigidities, and Welfare [PDF]

open access: possible, 2007
Les auteurs étudient les coûts de l'inflation en régime permanent au moyen d'un modèle d'équilibre général dans lequel le taux de croissance réel de la production par habitant est positif et qui intègre des contrats échelonnés de prix et de salaires.
Robert Amano   +3 more
openaire   +2 more sources

A Measure of Trend Wage Inflation

Journal of Applied Econometrics
ABSTRACTWe extend time‐series models that have so far been used to study price inflation and apply them to a microlevel data set containing worker‐level information on hourly wages. We construct a measure of aggregate nominal wage growth that (i) filters out noise and very transitory movements, (ii) quantifies the importance of idiosyncratic factors ...
Martín Almuzara   +2 more
openaire   +1 more source

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