Modeling Commodity Prices, Inflation And Monetary Policy Response

Inflation is generally defined as the rate of change of some price index. Well known examples are the Consumer Price Index, Wholesale Price Index and the personal consumption expenditure price Index. Measurement and forecasting of these indices has been a subject of ongoing debate and research in re...

Full description

Saved in:
Bibliographic Details
Published in:The international business & economics research journal 2010-11, Vol.9 (11), p.149-154
Main Author: Rao, Punita
Format: Article
Language:English
Subjects:
Aggregates
Central banks
Commodity prices
Consumer Price Index
Consumption
Expenditures
Forecasting
Inflation
Interest rates
Macroeconomics
Monetary policy
Price formation
Price indexes
Price level
Securities markets
Studies
Wholesale Price Index-US
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Inflation is generally defined as the rate of change of some price index. Well known examples are the Consumer Price Index, Wholesale Price Index and the personal consumption expenditure price Index. Measurement and forecasting of these indices has been a subject of ongoing debate and research in recent years. This paper attempts to contribute to the debate within the limits of an empirical and country specific. Section 1 deals with the transmission of Monetary policy to growth. Section 2 examines a simple model of inflation forecasting. Section 3 addresses the unfinished debate on Prices and Monetary management.
ISSN:1535-0754
2157-9393
DOI:10.19030/iber.v9i11.41