Year: 1985
Author: Leventakis, John A.
Credit and Capital Markets – Kredit und Kapital, Vol. 18 (1985), Iss. 4 : pp. 515–526
Abstract
Inflation and the Formation of Expectations: Some Empirical Results
The purpose of this paper is to develop and estimate a model of price determination which includes both foreign and domestic factors. In the estimation of the model we use alternative hypotheses of inflationary expectations which take account of the role of money growth in the formation of expectations. The model is estimated with quarterly data from the small open economy of Greece over the period 1975.I – 1983.IV.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.18.4.515
Credit and Capital Markets – Kredit und Kapital, Vol. 18 (1985), Iss. 4 : pp. 515–526
Published online: 1985-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 12
Author Details
-
Cagan, P. H. (1956): “The Monetary Dynamics of Hyperinflation” in M. Friedman (ed.), Studies in the Quantity Theory of Money, Chicago, pp. 23 – 117.
Google Scholar -
Courakis, A. S. (1978): “Serial Correlation and a Bank of England Study of the Demand for Money: An Exercise in Measurement without Theory”, Economic Journal, 88, pp. 537 – 548.
Google Scholar -
Courakis, A. S. (1980): “In Search of Commercial Bank Short-Run Portfolio Selection”, Oxford Bulletin of Economics and Statistics, Vol. 42, pp. 306 – 335.
Google Scholar -
Eckstein, O. and Girola, J. A. (1978): “Long-Term Properties of the Price-Wage Mechanism”, The Review of Economics and Statistics, Vol. 60, pp. 323 – 333.
Google Scholar -
Flemming, J. (1976): Inflation. Oxford University Press. – Frenkel, J. A. (1975): “Inflation and the Formation of Expectations”, Journal of Monetary Economics, Vol. I., pp. 403 – 421.
Google Scholar -
Holden, K. and Peel, D. A. (1977): “An Empirical Investigation of Inflationary Expectations”. Oxford Bulletin of Economics and Statistics, Vol. 39, pp. 291 – 299.
Google Scholar -
Lahiri, K. (1976): “Inflationary Expectations: Their Formation and Interest Rate Effects”, American Economic Review, Vol. 66, pp. 124 – 131.
Google Scholar -
MceGuire, T. W. (1976): “On Estimating the Effects of Controls” in the Economics of Price and Wage Controls. (ed.) K. Brunner and A. H. Meltzer. North-Holland. Amsterdam.
Google Scholar -
Mullineaux, D.J. (1980): “Inflation Expectations and Money Growth in the United States”, American Economic Review, Vol. 70, pp. 149 – 161. – Okun, A. (1962): “Potential GNP: Its Measure and Significance”, in Proceedings of the Business and Economic Statistics Section of the American Statistical Association, Washington, D.C.
Google Scholar -
Rutledge, J. A. (1974): A Monetarist Model of Inflationary Expectations, Lexington.
Google Scholar -
Spitäller, E. (1978): “An Analysis of Inflation in the Seven Main Industrial Countries, 1958 – 1976”, International Monetary Fund, Staff Papers, Vol. 25, pp. 254 – 277.
Google Scholar -
Tobin, J. (1972): “The Wage-Price Mechanism: Overview of the Conference”, in O. Eckstein (ed.). The Econometrics of Price Determination, Washington, pp. 1 – 15.
Google Scholar -
Turnovsky, S. J. and Wachter, M.:L. (1972): Expectations Hypothesis Using Directly Observed Wage and Price Expectations”, Review of Economics and Statistics, Vol. 54, pp. 47 – 54.
Google Scholar