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