Alternative P* models of inflation forecasts

Economic Inquiry

Volumn 37, Issue 2, 1999, Pages 312-325

  Lee, Jim ^a  

^a FORT HAYS STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033415307     PISSN: 00952583     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1465-7295.1999.tb01432.x     Document Type: Article

References (32)

1. Barnett, William A. "Economic Monetary Aggregates: An Application of Index Number and Aggregation Theory." Journal of Econometrics, Summer 1980, 11-48.
2. Basu, Parantap, and Pami Dua. "The Behavior of Velocity and Nominal Interest Rates in a Cash-in-Advance Model." Journal of Macroeconomics, Summer 1996, 463-78.
3. Becsi, Zsolt, and John V. Duca. "Adding Bond Funds to M2 in the P-Star Model of Inflation." Economics Letters, October 1994, 143-47.
4. Carlson, John B., and Benjamin D. Keen. "M2 Growth in 1995." Economic Commentary, Federal Reserve Bank of Cleveland, December 1995.
5. _. "MZM: A Monetary Aggregate for the 1980s?" Economic Review, Federal Reserve Bank of Cleveland, 2nd Quarter, 1996, 15-23.
6. Collins, Sean, and Cheryl L. Edwards. "An Alternative Monetary Aggregate: M2 Plus Household Holdings of Bond and Equity Mutual Funds." Review, Federal Reserve Bank of St. Louis, November/December 1994, 7-30.
7. Christiano, Lawrence J. "P*: Not the Inflation Forecaster's Holy Grail." Quarterly Review, Federal Reserve Bank of Minneapolis, Fall 1989, 3-17.
8. Diebold, Francis X., and Roberto S. Mariano. "Comparing Predictive Accuracy." Journal of Business and Economic Statistics, July 1995, 253-63.
9. Diebold, Francis X., and Peter Pauly. "Structural Change and the Combination of Forecasts." Journal of Forecasting, 6(1), 1987, 21-40.
10. Duca, John V. "Sources of Money Instability." Federal Reserve Bank of Dallas, Economic Review, 4th quarter 1995a, 2-13.
11. _. "Should Bond Funds Be Added to M2?" Journal of Banking and Finance, April 1995b, 131-52.
12. Feinman, Joshua, and Richard D. Porter. "The Continuing Weakness in M2." Finance and Economics Discussion Paper, Board of Governors of the Federal Reserve System, September 1992.
13. Feldstein, Martin, and James H. Stock. "Measuring Money Growth When Financial Markets are Changing." Journal of Monetary Economics, February 1996, 3-28.
14. Friedman, Benjamin M., and Kenneth N. Kuttner. "Money, Income, Prices, and Interest Rates." American Economic Review, June 1992, 472-92.
15. Hallman, Jeffery J., and Richard G. Anderson. "Has the Long-Run Velocity of M2 Shifted? Evidence from the P* Model." Economic Review, Federal Reserve Bank of Cleveland, 1st Quarter 1993, 14-26.
16. Hallman, Jeffrey J., Richard D. Porter, and David H. Small. "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?" American Economic Review, September 1991, 841-58.
17. Hamilton, James D. Time Series Analysis. Princeton: Princeton University Press, 1994.
18. Hess, Gregory D., and Charles S. Morris. "Money is What Money Predicts: The M* Model of the Price Model." Research working paper, Federal Reserve Bank of Kansas City, June 1995.
19. Hodrick, Robert, and Edward C. Prescott. "Post-War U.S. Business Cycle: An Empirical Investigation." Journal of Money, Credit and Banking, February 1997, 1-16.
20. Kuttner, Kenneth N. "Inflation and the Growth Rate of Money." Economic Perspectives, Federal Reserve Bank of Chicago, January/February 1990, 2-11.
21. _. "Estimating Potential Output as a Latent Variable." Journal of Business and Economic Statistics, July 1994, 161-68.
22. Mehra, Yash P. "The Forecast Performance of Alternative Models of Inflation." Economic Review, Federal Reserve Bank of Richmond, September/October 1988, 10-18.
23. Nelson, Charles R., and Charles I. Plosser. "Trends and Random Walks in Macroeconomic Time Series." Journal of Monetary Economics, September 1982, 139-62.
24. Orphanides, Athanasios, and Richard Porter. "Alternative Methods of Monetary Aggregation." Working paper, Board of Governors of the Federal Reserve System, May 1993.
25. _. "P* Revisited: Money Based Inflation Forecasts with a Changing Equilibrium Velocity." Working paper, Board of Governors of the Federal Reserve System, June 1996.
26. Orphanides, Athanasios, Brian Reid, and David H. Small. "The Empirical Properties of a Monetary Aggregate that Adds Bond and Stock Funds to M2." Review, Federal Reserve Bank of St. Louis, November/December 1994, 31-51.
27. Poole, William. Statement before the Subcommittee on Domestic Policy of the Committee on Banking, Finance, and Urban Affairs. U.S. House of Representatives, November 6, 1991.
28. Reichenstein, William, and J. Walter Elliott. "A Comparison of Models of Long-Term Inflationary Expectations." Journal of Monetary Economics, May 1987, 405-25.
29. Siklos, Pierre I. "Income Velocity and Institutional Change: New Time Series Evidence." Journal of Money, Credit, and Banking, August 1993, 377-92.
30. Stockton, David J., and James Glassman. "An Evaluation of the Forecast Performance of Alternative Models of Inflation." Review of Economics and Statistics, February 1987, 108-17.
31. Tallman, Ellis W. "Inflation and Inflation Forecasting: An Introduction." Economic Review, Federal Reserve Bank of Atlanta, January/February 1995, 13-27.
32. Zivot, Eric, and Donald W. K. Andrews. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis." Journal of Business and Economic Statistics, July 1992, 251-70.