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.
Recommended Citation
Malliaris, Anastasios G.. US Inflation and Commodity Prices: Analytical and Empirical Issues. Journal of Macroeconomics, 28, 1: 267-271, 2006. Retrieved from Loyola eCommons, School of Business: Faculty Publications and Other Works, http://dx.doi.org/10.1016/j.jmacro.2005.10.020
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Copyright Statement
© Elsevier B. V. 2006
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