Long Memory Processes and Chronic Inflation : Detecting Homogeneous Components in a Linear Rational Expectation Model /

This paper is an empirical study of the links between monetary variables and inflation based on Cagan's equation and its rational expectations solution, when the forcing variable is a fractionally integrated process. As demonstrated by Hamilton and Whiteman, the existence of bubbles and other e...

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Bibliografiske detaljer
Hovedforfatter: Scacciavillani, Fabio
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1994.
Serier:IMF Working Papers; Working Paper ; No. 1994/002
Online adgang:Full text available on IMF