English, Article, Journal or magazine article edition: Inflation Dynamics in the US -A Nonlinear Perspective Bob Nobay; Ivan Paya; David A. Peel

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/44818
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Inflation Dynamics in the US -A Nonlinear Perspective
Author
  • Bob Nobay
  • Ivan Paya
  • David A. Peel
Physical Description
  • preprint
Notes
  • A stylized fact of US inflation dynamics is one of extreme persistence and possible unit root behavior. If so, the implications for macroeconomics and monetary policy are somewhat unpalatable. Our econometric analysis proposes a parsimonious representation of the inflation process, the nonlinear ESTAR, rather than the IMA process with time-varying parameters as in Stock and Watson (2007). The empirical results confirm a number of the key features such as regime changes and implicit Federal Reserve inflationtargets. We address the issue of whether the source of the Great Moderation can be ascribed to good luck rather than good policy.
  • RePEc:fmg:fmgdps:dp601
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment