Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/174102
Autoren: 
Easaw, Joshy
Heravi, Saeed
Dixon, Huw David
Datum: 
2015
Schriftenreihe/Nr.: 
Cardiff Economics Working Papers No. E2015/13
Zusammenfassung: 
The purpose of the present paper is to investigate perceived inflation gap persistence using actual data of professional forecasts. We derive the unobserved perceived inflation gap persistence and using a state dependent model we estimate the non-linear persistence coefficient of inflation gap. Our main result is that for GDP deflator inflation, the estimates of persistence largely confirm the results obtained indirectly using a linear model. However, when we look at CPI inflation, we find that there is strong evidence for state-dependence and time variation.
Schlagwörter: 
Perceived Inflation Gaps
Professional´s Survey-based Forecasts
State-Dependent Models
JEL: 
E31
E52
E58
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
737.96 kB





Publikationen in EconStor sind urheberrechtlich geschützt.