US Inflation and Commodity Prices: Analytical and Empirical Issues

Anastasios G Malliaris; A. (Tassos) G. Malliaris

doi:10.1016/j.jmacro.2005.10.020

US Inflation and Commodity Prices: Analytical and Empirical Issues

Anastasios G Malliaris, A. (Tassos) G. Malliaris

Loyola University Chicago

Loyola University Chicago

Research output: Contribution to journal › Article › peer-review

Abstract

This paper reviews both theoretical and empirical issues regarding inflation and evaluates the contribution of Kyrtsou and Labys. Analytically it is very difficult to propose a general theory of inflation because as economies evolve over time both new causes of inflation emerge and the consequences of inflation become more complex. Kyrtsou and Labys perform several tests between the Primary Commodity Price component of the PPI and the CPI and construct a noisy chaotic multivariate model that describes the relationship between these two measures of inflation.

Original language	American English
Journal	School of Business: Faculty Publications and Other Works
Volume	28
Issue number	1
DOIs	https://doi.org/10.1016/j.jmacro.2005.10.020
State	Published - Mar 1 2006

Keywords

Inflation
Commodity prices
Chaos
Non-linear casuality
Dynamic non-linearity
Mackey-Glass model

Disciplines

Business

Access to Document

10.1016/j.jmacro.2005.10.020License: Unspecified

US Inflation and Commodity Prices Analytical and Empirical IssueFinal published version, 88 KBLicense: Unspecified

Cite this

@article{8269229c82ee473d94bcb08116472397,

title = "US Inflation and Commodity Prices: Analytical and Empirical Issues",

abstract = " This paper reviews both theoretical and empirical issues regarding inflation and evaluates the contribution of Kyrtsou and Labys. Analytically it is very difficult to propose a general theory of inflation because as economies evolve over time both new causes of inflation emerge and the consequences of inflation become more complex. Kyrtsou and Labys perform several tests between the Primary Commodity Price component of the PPI and the CPI and construct a noisy chaotic multivariate model that describes the relationship between these two measures of inflation.",

keywords = "Inflation, Commodity prices, Chaos, Non-linear casuality, Dynamic non-linearity, Mackey-Glass model",

author = "Malliaris, {Anastasios G} and Malliaris, {A. (Tassos) G.}",

year = "2006",

month = mar,

day = "1",

doi = "10.1016/j.jmacro.2005.10.020",

language = "American English",

volume = "28",

journal = "School of Business: Faculty Publications and Other Works",

number = "1",

}

TY - JOUR

T1 - US Inflation and Commodity Prices: Analytical and Empirical Issues

AU - Malliaris, Anastasios G

AU - Malliaris, A. (Tassos) G.

PY - 2006/3/1

Y1 - 2006/3/1

N2 - This paper reviews both theoretical and empirical issues regarding inflation and evaluates the contribution of Kyrtsou and Labys. Analytically it is very difficult to propose a general theory of inflation because as economies evolve over time both new causes of inflation emerge and the consequences of inflation become more complex. Kyrtsou and Labys perform several tests between the Primary Commodity Price component of the PPI and the CPI and construct a noisy chaotic multivariate model that describes the relationship between these two measures of inflation.

AB - This paper reviews both theoretical and empirical issues regarding inflation and evaluates the contribution of Kyrtsou and Labys. Analytically it is very difficult to propose a general theory of inflation because as economies evolve over time both new causes of inflation emerge and the consequences of inflation become more complex. Kyrtsou and Labys perform several tests between the Primary Commodity Price component of the PPI and the CPI and construct a noisy chaotic multivariate model that describes the relationship between these two measures of inflation.

KW - Inflation

KW - Commodity prices

KW - Chaos

KW - Non-linear casuality

KW - Dynamic non-linearity

KW - Mackey-Glass model

UR - https://ecommons.luc.edu/business_facpubs/89

U2 - 10.1016/j.jmacro.2005.10.020

DO - 10.1016/j.jmacro.2005.10.020

M3 - Article

VL - 28

JO - School of Business: Faculty Publications and Other Works

JF - School of Business: Faculty Publications and Other Works

IS - 1

ER -

US Inflation and Commodity Prices: Analytical and Empirical Issues

Abstract

Keywords

Disciplines

Access to Document

Other files and links

Cite this