An Expectation of the Rate of Inflation According to Inflation-Unemployment Interaction in Croatia (CROSBI ID 552394)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Aljinović, Zdravka ; Pivac, Snježana ; Šego Boško ;
engleski
An Expectation of the Rate of Inflation According to Inflation-Unemployment Interaction in Croatia
According to the interaction of inflation and unemployment, expectation of the rate of inflation in Croatia is estimated. The interaction between inflation and unemployment is shown by model based on three first-order differential i.e. difference equations: Phillips relation, adaptive expectations equation and monetary-policy equation. The resulting equation is second order differential i.e. difference equation which describes the time path of inflation. The data of the rate of inflation and the rate of unemployment are used for parameters estimation. On the basis of the estimated time paths, the stability and convergence analysis is done for the rate of inflation.
differencing; inflation; time path; unemployment
Rad je naknadno objavljen pod istim naslovom u International Journal of Business, Economics, Finance and Management Sciences, Vol. 1, No. 1, 2009, 1-5.
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Podaci o prilogu
573-577.
2009.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of World Academy of Science, Engineering and Technology, Volume 37,
Podaci o skupu
World Congress on Science, Engineering and Technology
predavanje
28.01.2009-30.01.2009
Dubai, Ujedinjeni Arapski Emirati