The origins of the Great Inflation, a central 20th-century US macroeconomic event, remain contested. Prominent explanations are poor inflation forecasts or inaccurate output gap …
X Zhou, MS Chang, K Gibler - Journal of the Asia Pacific Economy, 2016 - Taylor & Francis
We analyze consumption movements as a function of income and wealth (stocks and housing) with data from China from 1999 to 2010 using a panel vector autoregression …
We establish that the Phillips curve is persistence-dependent: inflation responds differently to persistent versus moderately persistent (or versus transient) fluctuations in the …
We estimate a monetary policy rule for the US allowing for possible frequency dependence- ie, allowing the central bank to respond differently to more persistent innovations than to …
We use a novel US state-level database to evaluate the role of housing wealth as a provider of collateral services. First, we estimate the cointegrating relationship between housing …
Purpose: The research aims to study the causality between the US stock and housing markets in the period from 1890 to 2014. Design/Methodology/Approach: The Granger …
The historical analysis of FOMC behavior using estimated simple policy rules requires the specification of either an estimated natural rate of unemployment or an output gap. But in the …
We establish that the Phillips curve is persistence-dependent: inflation responds differently to persistent versus moderately persistent (or versus transient) fluctuations in the …
W Yin - E3S Web of Conferences, 2021 - e3s-conferences.org
The interconnectedness of markets is a useful measure of risk and therefore an indicator of economic stability. In this paper, the interconnectedness among housing markets in different …