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- W1486251486 abstract "This paper estimates the determinants of Finnish quarterly inflation. Empirical long-run relations, consistent with different inflation theories, are estimated using the cointegrated VAR model for I(2) data. The relative importance of the theories are evaluated based on their statistical relevance in the Finnish inflation process. The primary determinant of Finnish inflation is product market excess demand. Other explanations such as money demand, imported inflation, and mark-up pricing are of minor importance. I also find evidence of an IS relationship determining real output and short-term interest rates. The long-term interest rates are adjusting to ensure that uncovered interest parity approximately holds. JEL Classification: C32, C52, E31." @default.
- W1486251486 created "2016-06-24" @default.
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- W1486251486 date "2006-01-01" @default.
- W1486251486 modified "2023-09-27" @default.
- W1486251486 title "Estimating the Determinants of Finnish Inflation" @default.
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