Document Type

Article

Publication Date

3-2006

Publication Title

Journal of Macroeconomics

Volume

28

Issue

1

Pages

267-271

Abstract

This paper reviews both theoretical and empirical issues regarding inflation and evaluates the contribution of Kyrtsou and Labys. Analytically it is very difficult to propose a general theory of inflation because as economies evolve over time both new causes of inflation emerge and the consequences of inflation become more complex. Kyrtsou and Labys perform several tests between the Primary Commodity Price component of the PPI and the CPI and construct a noisy chaotic multivariate model that describes the relationship between these two measures of inflation.

Comments

Author Posting. © Elsevier B. V. 2006. This is the author's version of the work. It is posted here by permission of the Journal of Macroeconomics for personal use, not for redistribution. The definitive version was published in the Journal of Macroeconomics, vol. 28, no. 1, 2006, http://www.sciencedirect.com/science/article/pii/S0164070405000893

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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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