The relationship between different price indexes: a set of evidence from inflation targeting countries

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buir.contributor.authorBerument, Hakan
dc.citation.epage125en_US
dc.citation.issueNumber2-3en_US
dc.citation.spage119en_US
dc.citation.volumeNumber23en_US
dc.contributor.authorAkdi, Y.en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorCilasun, S. M.en_US
dc.contributor.authorOlgun, H.en_US
dc.date.accessioned2016-02-08T10:16:41Z
dc.date.available2016-02-08T10:16:41Z
dc.date.issued2006en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe possible long-run relationships between the Consumer Price Index and the Wholesale Price Index are analyzed for three inflation targeting countries - Canada, Sweden and the UK - using three different statistical techniques. The Engle-Granger test finds cointegration only for Sweden. The Johansen's test and the model-free and seasonality robust periodogram based test conclusively show that the two price indexes are not cointegrated in the three countries included in the sample. Hence, the values of these indexes may consistently diverge over time. However, the two price indexes move together in the short run. These findings have some implications for the success of inflation targeting monetary policies. © 2006 - IOS Press and the authors. All rights reserved.en_US
dc.identifier.eissn1875-9254
dc.identifier.issn0167-8000
dc.identifier.urihttp://hdl.handle.net/11693/23631
dc.language.isoEnglishen_US
dc.publisherI O S Pressen_US
dc.source.titleStatistical Journal of the United Nations Economic Commission for Europeen_US
dc.subjectCointegrationen_US
dc.subjectPeriodogramen_US
dc.subjectPrice indicesen_US
dc.subjectCustomer satisfactionen_US
dc.subjectMathematical modelsen_US
dc.subjectStatistical methodsen_US
dc.subjectCost accountingen_US
dc.titleThe relationship between different price indexes: a set of evidence from inflation targeting countriesen_US
dc.typeArticleen_US

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