A re-examination of the stationarity of inflation

2009 ◽  
Vol 24 (6) ◽  
pp. 1047-1053 ◽  
Author(s):  
Steven Cook
Keyword(s):  
Stationarity Of Inflation

TESTING FOR STATIONARITY OF INFLATION RATES WITH COVARIATES

2010 ◽  
Vol 78 (4) ◽  
pp. 344-362 ◽  
Author(s):  
Ching-chuan Tsong ◽  
Cheng-feng Lee
Keyword(s):  
Inflation Rates ◽  
Stationarity Of Inflation

scholarly journals HOW WELL DOES “CORE” INFLATION CAPTURE PERMANENT PRICE CHANGES?

2014 ◽  
Vol 19 (4) ◽  
pp. 791-815 ◽  
Author(s):  
Michael D. Bradley ◽  
Dennis W. Jansen ◽  
Tara M. Sinclair
Keyword(s):  
Consumer Price Index ◽  
Energy Prices ◽  
Price Changes ◽  
Core Inflation ◽  
The Core ◽  
Permanent Shocks ◽  
Unobserved Components Model ◽  
Core Measure ◽  
Permanent And Transitory Components ◽  
Stationarity Of Inflation

Does excluding food and energy prices from the Consumer Price Index (CPI) produce a measure that better captures permanent price changes? To examine this question, we decompose CPI inflation and “core” inflation into their permanent and transitory components, using a correlated unobserved-components model. The stationarity of inflation may be time-varying, so we examine the performance of the core measure of inflation separately for periods in which inflation isI(1) andI(0). For a period in which inflation appears to beI(1), we find that core inflation and the permanent component of overall inflation are closely related, but there are some caveats. For a period in which inflation appears to beI(0), we decompose the core and overall price levels and find that the permanent component of the core CPI is much more volatile than the actual core series and that the core excludes volatile permanent shocks to the overall price level.

scholarly journals Stationarity of inflation and predictions of quantum cosmology

1995 ◽  
Vol 51 (2) ◽  
pp. 429-443 ◽  
Author(s):  
Juan García-Bellido ◽  
Andrei Linde
Keyword(s):  
Quantum Cosmology ◽  
Stationarity Of Inflation
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