An investigation of Australian inflation : feedback measures and cyclical variations

Yim, Mok Pui. (1998). An investigation of Australian inflation : feedback measures and cyclical variations Honours Thesis, School of Economics, The University of Queensland.

       
Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials)
Name Description MIMEType Size Downloads
THE15552.pdf THE15552.pdf application/pdf 7.73MB 0
Author Yim, Mok Pui.
Thesis Title An investigation of Australian inflation : feedback measures and cyclical variations
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1998
Thesis type Honours Thesis
Total pages 157
Language eng
Subjects 14 Economics
Formatted abstract This thesis investigates Australian inflation using a relatively new line of analysis developed by Geweke(1982). Linear dependence between two multiple time series X and Y can be decomposed into linear feedback( or causality) from X to Y, linear feedback from Y to X, and instantaneous linear feedback, which leads to implications of Wiener-Granger causality. The measure of linear feedback from Y to X is in the form of a feedback spectrum. Australian wage changes and subsequently U.S. price changes are used as explanatory variables for Australian inflation, giving rise to a bivariate and multivariate autoregressive system. Short-term movements ( cycle length of about four quarters) in Australian wages have a significant effect in explaining the variance of Australian prices in the bivariate relationship. In the trivariate system, short-term cycles of about 3.5 quarters in Australian wage movements and U.S. price fluctuations explain a large proportion of the overall variation in Australian prices.

 
Citation counts: Google Scholar Search Google Scholar
Access Statistics: 51 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Thu, 25 Nov 2010, 10:47:12 EST by Ning Jing on behalf of The University of Queensland Library