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A New Model of Trend Inflation

Chan, Chi Chun (Joshua); Koop, Gary; Potter, Simon

Description

This article introduces a new model of trend inflation. In contrast to many earlier approaches, which allow for trend inflation to evolve according to a random walk, ours is a bounded model which ensures that trend inflation is constrained to lie in an in

dc.contributor.authorChan, Chi Chun (Joshua)
dc.contributor.authorKoop, Gary
dc.contributor.authorPotter, Simon
dc.date.accessioned2015-12-08T22:34:04Z
dc.identifier.issn0735-0015
dc.identifier.urihttp://hdl.handle.net/1885/34915
dc.description.abstractThis article introduces a new model of trend inflation. In contrast to many earlier approaches, which allow for trend inflation to evolve according to a random walk, ours is a bounded model which ensures that trend inflation is constrained to lie in an in
dc.publisherAmerican Statistical Association
dc.sourceJournal of Business and Economic Statistics
dc.subjectKeywords: Bayesian; Constrained inflation; Inflation forecasting; Inflation targeting; Nonlinear state space model; Underlying inflation
dc.titleA New Model of Trend Inflation
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume31
dc.date.issued2013
local.identifier.absfor140303 - Economic Models and Forecasting
local.identifier.absfor140302 - Econometric and Statistical Methods
local.identifier.ariespublicationu4602557xPUB118
local.type.statusPublished Version
local.contributor.affiliationChan, Chi Chun (Joshua), College of Business and Economics, ANU
local.contributor.affiliationKoop, Gary, University of Strathclyde
local.contributor.affiliationPotter, Simon, Federal Reserve Bank of New York
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage94
local.bibliographicCitation.lastpage106
local.identifier.doi10.1080/07350015.2012.741549
local.identifier.absseo910108 - Monetary Policy
dc.date.updated2016-02-24T11:12:40Z
local.identifier.scopusID2-s2.0-84876079006
local.identifier.thomsonID000314561400008
CollectionsANU Research Publications

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