Local Inflation Reconsidering the International Comovement of Inflation

In this paper we reconsider the degree of international comovement of inflation rates. We use a dynamic hierarchical factor model that is able to decompose Consumer Price Index (CPI) inflation in a panel of countries into (i) a factor common to all inflation series and all countries, (ii) a fact...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 03-2013)
Main Authors: Foerster, Marcel, Tillmann, Peter
Format: Article
Language:English
Published: Philipps-Universität Marburg 2013
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Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics