Inflation dynamics in the frequency domain

被引：2
|
作者：
Martins, Manuel M. F. [1 ,2 ]
Verona, Fabio [3 ]
机构：
[1] Univ Porto, Fac Econ, Porto, Portugal
[2] CEF UP, Porto, Portugal
[3] Bank Finland, Monetary Policy & Res Dept, Helsinki, Finland
来源：
ECONOMICS LETTERS | 2023年 / 231卷
关键词：
Inflation dynamics; New Keynesian Phillips Curve; Frequency domain; Wavelets; PHILLIPS-CURVE;
D O I：
10.1016/j.econlet.2023.111304
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We use a New Keynesian Phillips Curve to study the dynamics of inflation in the frequency domain. Inflation expectations dominate medium-to-long-run cycles, energy inflation dominate short cycles and also longer cycles once expectations became anchored. While statistically significant, unemployment is not economically relevant at any frequency band.& COPY; 2023 Elsevier B.V. All rights reserved.
引用
收藏
页数：5
相关论文
共 50 条
  • [1] Commodity prices and inflation: Testing in the frequency domain
    Ciner, Cetin
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2011, 25 (03) : 229 - 237
  • [2] Are equities good inflation hedges? A frequency domain perspective
    Ciner, Cetin
    REVIEW OF FINANCIAL ECONOMICS, 2015, 24 : 12 - 17
  • [3] Frequency-domain identification of gas turbine dynamics
    Evans, C
    Rees, D
    Hill, D
    IEEE TRANSACTIONS ON CONTROL SYSTEMS TECHNOLOGY, 1998, 6 (05) : 651 - 662
  • [4] A frequency domain approach for parameter identification in multibody dynamics
    Oberpeilsteiner, Stefan
    Lauss, Thomas
    Steiner, Wolfgang
    Nachbagauer, Karin
    MULTIBODY SYSTEM DYNAMICS, 2018, 43 (02) : 175 - 191
  • [5] A frequency domain approach for parameter identification in multibody dynamics
    Stefan Oberpeilsteiner
    Thomas Lauss
    Wolfgang Steiner
    Karin Nachbagauer
    Multibody System Dynamics, 2018, 43 : 175 - 191
  • [6] Inflation dynamics, the role of inflation at different horizons and inflation uncertainty
    Choi, Yoonseok
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2021, 71 : 649 - 662
  • [7] Inflation Dynamics When Inflation Is Near Zero
    Fuhrer, Jeffrey C.
    Olivei, Giovanni P.
    Tootell, Geoffrey M. B.
    JOURNAL OF MONEY CREDIT AND BANKING, 2012, 44 : 83 - 122
  • [8] Product market regulation, trend inflation and inflation dynamics in the new Keynesian Phillips curve
    Bloch, Laurence
    ECONOMIC MODELLING, 2012, 29 (05) : 2058 - 2070
  • [9] Changes in inflation dynamics under inflation targeting? Evidence from Central European countries
    Baxa, Jaromir
    Plasil, Miroslav
    Vasicek, Borek
    ECONOMIC MODELLING, 2015, 44 : 116 - 130
  • [10] European inflation dynamics
    Galí, J
    Gertler, M
    López-Salido, JD
    EUROPEAN ECONOMIC REVIEW, 2001, 45 (07) : 1237 - 1270
12345