DSpace Repository

Predicting inflation in Euroland : the Pstar approach

Show simple item record

dc.creator Scheide, Joachim
dc.creator Trabandt, Mathias
dc.date 2000
dc.date.accessioned 2013-10-16T06:02:29Z
dc.date.available 2013-10-16T06:02:29Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2532
dc.identifier ppn:324653719
dc.identifier ppn:324653719
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2532
dc.description Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error correction model with quarterly data for the Euro Area is estimated to test whether the price gap has an impact on consumer price inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also have some explanatory power. The model is used for shock analysis and out-of-sample forecasts. All in all, the Pstar model can be a useful tool for predicting inflation also in Euroland.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 1019
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E31
dc.subject C53
dc.subject C22
dc.subject ddc:330
dc.subject inflation process
dc.subject forecasting
dc.subject error correction models
dc.subject Inflation
dc.subject Prognoseverfahren
dc.subject Quantitätstheorie
dc.subject P-Star
dc.subject Schätzung
dc.subject Europäische Wirtschafts- und Währungsunion
dc.subject EU-Staaten
dc.title Predicting inflation in Euroland : the Pstar approach
dc.type doc-type:workingPaper


Files in this item

Files Size Format View

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record

Search DSpace


Advanced Search

Browse

My Account