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We study two decompositions of inflation, , motivated by the standard New Keynesian Pricing Equation of Gali, Gertler, and Sbordone. The first uses four components: lagged,expected future, rea...
Budget Deficit and Inflation in Nigeria: A Causal Relationship
budget deficit consumer price index gross domestic product
2011/6/1
The study investigates the nature and direction of causality among the two variables. This is with a view to providing empirical evidence on budget deficit operation in stimulating economic growth thr...
Why Has U.S. Inflation Become Harder to Forecast?
Phillips curve trend-cycle model moving average great moderation
2014/3/18
Weexamine whether the U.S. rate of price inflation has become harder to forecast and, to the extent that it has, what changes in the inflation process have made it so. The main finding is that the uni...