Inflation : causes and effects / / Leon V. Schwartz, editor

• Pubblicazione: New York, : Nova Science Publishers, c2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (207 p.)
• Disciplina: 332.4/1
• Soggetto topico: Inflation (Finance)
• Altri autori: SchwartzLeon V
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- INFLATION:CAUSES AND EFFECTS -- CONTENTS -- PREFACE -- PRACTICES, CHALLENGES AND PROSPECTSOF HRM IN SUB-SAHARAN AFRICA (SSA) -- Introduction -- Literature Review -- Practices and Challenges of HRMin the Civil Service in Sub-Sahara Africa -- Procurement of Civil Servants in Sub-Sahara Africa -- Attractiveness of the Compensation Programs -- Presence of Clearly Written and Operational HR Procurement Policies -- Effectiveness of the Organizational Arrangement of HR Functions -- Adequacy and Reliability of Personnel Data -- Availability of Qualified and Motivated HR Officers -- Clarity of Organizational Objectives and Strategies -- Commitment of Policy Makers and Senior Civil Servants to Merit Principles -- Image of an Organization -- Continuity of Monitoring and Evaluation of HR Procurement Activities -- Training of Civil Servants in Sub-Saharan Africa -- Presence of Clearly Written and Operational Training Policies: -- Continuity of Training Needs Assessment (TNA) -- Presence of Written and Acceptable Trainee-Selection Procedures -- Linkages of Training Programs to Organizational Objectives -- Linkages of Training Programs to Other HR Policies and Programs -- Capacity of a Government to Finance Training Programs -- Commitment of the Policy Makers and Senior Civil Service Managers toTraining -- Conduciveness of the Working Condition (Transfer of Training) -- Continuity of Monitoring and Evaluation of Training Programs -- Utilization of Civil Servants in Sub-Saharan Africa -- Compensation Management Practices -- Employee Performance Appraisal Practices -- Promotion Policies and Practices -- Placement and Clarity of Job Descriptions -- Concluding Remarks -- References -- ACCURACY AND RATIONALITY OF JAPANESE CPIFORECASTERS* -- Abstract -- 1. Introduction -- 2. Data -- 3. Relative Accuracy -- 3.1. Benchmark Forecasts. ; 3.2. The Descriptive Statistics -- 3.3. The Encompassing Test -- 3.4. Generalized Loss Function -- 3.5. Correlations of Forecast Accuracy among Different Forecast Spans -- 4. Rationality -- 4.1. Tests for Unbiasedness -- 4.2. Tests for Efficiency -- 4.3. Tests for Martingale -- 4.4. Summary of the Rationality Tests -- 5. Consensus Forecast -- 5.1. Forecast Accuracy -- 5.2. The Encompassing Test for the Consensus Forecast -- 5.3. Rationality of the Consensus Forecast -- 6. Conclusions -- References -- THE NONPARAMETRIC TIME-DETRENDEDFISHER EFFECT -- Abstract -- 1. Introduction -- 2. Univariate Analysis - Modeling Inflation and Nominal InterestRates -- 3. Parametric and Nonparametric VAR Models -- 3.1. The Parametric Model -- 3.2. The Nonparametric Model -- 3.3. Testing for the Fisher Effect -- 4. Empirical Results -- 4.1. First Sample Period -- 4.2. Second Sample Period -- 5. Conclusion -- References -- FORECASTING INFLATION USINGSIGNAL PLUS NOISE MODELS -- Abstract -- 1. Introduction -- 2. Empirical Model -- 2.1. State Space Model for Predicting Inflation -- 2.2. Discussions of Model -- 2.3. Estimation Issues -- 3. Empirical Results -- 3.1. Data Sources -- 3.2. Preliminary Data Analysis -- 3.3. Estimation Results -- 3.4. Hypothesis Test -- 3.4.1. Test for Normality -- 3.4.2. Test for Volatility Persistence -- 4. Conclusion -- Appendix A: Sorenson-Alspach Filtering Equations -- References -- PRICE BEHAVIOR AT HIGH INFLATION:EVIDENCE FROM LATIN AMERICA -- Abstract -- 1. Introduction -- 2. Price Data and Variables -- 2.1. Price Data -- 2.2. Variables -- 3. Empirical Evidence -- 4. Inflation Expectations and Non-Linearities -- 5. Conclusion -- Appendix -- References -- WAGE INFLATION AND LABOR MARKET PRESSURE:A PRINCIPAL COMPONENTS APPROACH -- Abstract -- 1. Introduction -- 2. Labor Market Series and a Principal Components Approach. ; 3. Estimates of the Wage Phillips Curve -- Indexes of Excess Demand -- Univariate Analysis: The Unemployment Rate and the Active Opening Rate -- Multivariate Analysis: A Principal Components Approach -- The Shape of the Phillips Curve -- Expected Inflation -- Lag Length on Prices (or Wages) -- Estimates of the Wage Phillips Curve -- 4. A Set of Principal Components -- 5. Time-varying Natural Rate of Unemployment(NRU) and Natural Active Opening Rate (NAOR) -- 6. Conclusion -- Appendix -- References -- MACROECONOMIC POLICIES AND INFLATION -- Introduction -- Price Fluctuations -- Summary and Conclusion -- References -- INFLATION PERSISTENCE AND MONETARY POLICYIN AN OPEN ECONOMY SETTING -- Abstract -- 1. Introduction -- 2. Description of the Model -- 3. Inflation Persistence -- 4. Levels of Inflation and Economic Activity -- 5. The Demand or Fiscal Shocks -- 6. The Supply Shocks -- 7. The Foreign Inflationary Shocks -- 8. The Shocks on the Foreign Interest Rate -- 9. Conclusion -- Appendix A: Inflation and Activity -- Appendix B: Determination and Study of the Parameter (b) -- Appendix C: Interest Rate, Inflation and Economic Activity -- References -- ESTIMATION OF ELECTRIC DEMAND IN JAPAN:A BAYESIAN SPATIAL AUTOREGRESSIVE AR(p)APPROACH -- Abstract -- 1. Introduction -- 2. Electric Demand in Japan -- 3. SAR-AR(p) Model -- 4. Posterior Analysis -- 4.1. Joint Posterior Distribution -- 4.2. Posterior Simulation -- 4.2.1. Sampling ˆ -- 4.2.2. Sampling i and ˙2i for i = 1, . . ., n -- 4.2.3. Sampling ˚i for i = 1, . . ., n -- 4.3. The Acceleration of Sampling ˆ Parameter -- 5. Empirical Results -- 5.1. The Weight Matrix -- 5.2. Empirical Results -- 6. Conclusion -- References -- OUTPUT CONTRACTS FOR CENTRAL BANKSIN A MONETARY UNION:A WAY OUT OF THE DEFLATION BIAS -- Abstract -- 1. Introduction -- 2. The Model -- 3. The Results -- 4. Conclusions -- References. ; INDEX.
• Sommario/riassunto: The term inflation once referred to increases in the money supply (monetary inflation); however, economic debates about the relationship between money supply and price levels have led to its primary use today in describing price inflation. This new book gathers the latest research from around the globe on this issue.
• Titolo autorizzato: Inflation
• ISBN: 1-61470-091-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910970002203321
• Lo trovi qui: Univ. Federico II
• Serie: Global economic studies series.