期刊名称:Quantitative and Qualitative Analysis in Social Sciences
印刷版ISSN:1752-8925
出版年度:2007
卷号:1
期号:3
页码:40-62
出版社:Quantitative and Qualitative Analysis in Social Sciences
摘要:This paper studies the usefulness of real economic activity, monetary, and exchange rate indicatorsin predicting in.ationary developments in Chile and Mexico. In so doing the investigation employs anested P-star/Phillips curve mo del and alternative Phillips curve sp ecifications. The analysis showsthat in both economies real money and real output gaps are statistically significant in predictingin.ation's deviations from target. In contrast, exchange rate indicators are consistently significant inpredicting in.ationonlyinMexico. Thefindings are robust to using alternative money, output, andexchange rate indicators