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
  • [41] Inflation dynamics and the New Keynesian Phillips Curve: An identification robust econometric analysis
    Dufour, Jean-Marie
    Khalaf, Lynda
    Kichian, Maral
    JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2006, 30 (9-10) : 1707 - 1727
  • [42] China inflation dynamics: Persistence and policy regimes
    Zhang, Chengsi
    Clovis, Joel
    JOURNAL OF POLICY MODELING, 2010, 32 (03) : 373 - 388
  • [43] Inflation Dynamics in the Euro Area and the Role of Expectations
    Maritta Paloviita
    Empirical Economics, 2006, 31 : 847 - 860
  • [44] Inflation dynamics and the cost channel of monetary transmission
    Chowdhury, Ibrahim
    Hoffmann, Mathias
    Schabert, Andreas
    EUROPEAN ECONOMIC REVIEW, 2006, 50 (04) : 995 - 1016
  • [45] Quantum Neural Networks for Forecasting Inflation Dynamics
    Alaminos, David
    Esteban, Ignacio
    Belen Salas, M.
    Callejon, Angela M.
    JOURNAL OF SCIENTIFIC & INDUSTRIAL RESEARCH, 2020, 79 (02): : 103 - 106
  • [46] The dynamics of inflation: a study of a large number of countries
    Kouretas, Georgios P.
    Wohar, Mark E.
    APPLIED ECONOMICS, 2012, 44 (16) : 2001 - 2026
  • [47] Do search frictions matter for inflation dynamics?
    Krause, Michael U.
    Lopez-Salido, David J.
    Lubik, Thomas A.
    EUROPEAN ECONOMIC REVIEW, 2008, 52 (08) : 1464 - 1479
  • [48] Inflation dynamics: A cross-country investigation
    Wang, Pengfei
    Wen, Yi
    JOURNAL OF MONETARY ECONOMICS, 2007, 54 (07) : 2004 - 2031
  • [49] Inflation dynamics and nominal adjustment in the Baltic States
    Masso, Jaan
    Staehr, Karsten
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2005, 19 (02) : 281 - 303
  • [50] Search Frictions, Real Rigidities, and Inflation Dynamics
    Thomas, Carlos
    JOURNAL OF MONEY CREDIT AND BANKING, 2011, 43 (06) : 1131 - 1164
12345