Inflation and the role of macroeconomic policies: A model for the case of Denmark

Raza, Hamid; Laurentjoye, Thibault; Byrialsen, Mikael Randrup; Valdecantos, Sebastián

doi:10.1016/j.strueco.2023.06.006

Structural Change and Economic Dynamics

2023

DOI: 10.1016/j.strueco.2023.06.006

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Inflation and the role of macroeconomic policies: A model for the case of Denmark

Hamid Raza

Thibault Laurentjoye

Mikael Randrup Byrialsen

et al.

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2024

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Cited by 5 publications

(1 citation statement)

References 33 publications

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“…Kata kunci: Analisis faktor; huraian model berstatistik; struktur pendam INTRODUCTION Generally, price changes and inflation rate are activities that gives a great impact to almost any issue related to a country economy (Hobijn & Lagakos 2005;Jaravel & O'Connell 2020;Raza et al 2023). In fact, inflation can be categorized as endemic in the field of economics since the stability of price levels or inflation is a precondition for long-term economic growth, and price level target is a popular approach for central banks as the ultimate target to enact monetary policy (Abdul Karim, Mod Asri & Wajdi 2006;Cúrdia & Woodford 2011).…”

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confidence: 99%

Latent Hidden Factor Model for Malaysia Consumer Price Index

Masseran,

Ahmad Farouk,

et al. 2024

JSM

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The consumer price index (CPI) is one of the significant indicators that can be used to track the inflation rate of a country and assess changes in the cost of living. Generally, the CPI measures the change in the average price of goods and services used by households. The increase in inflation can have a negative socioeconomic effects and the changes in the CPI value needs to be monitored to ensure that the country does not experience a serious inflation rate. In this work, exploratory factor analysis (EFA) was employed to interpret the importance of each variable in the CPI and determine how the latent factors influence the CPI structure in Malaysia for the period of 2003–2022. The findings showed that there are two main latent factors that can be formed. Factor 1 can be classified as ‘Household Expenditures and Lifestyle Choices’ and consists of six variables, namely, ‘alcoholic beverages and tobacco’, ‘housing, water, electricity, gas, and other fuels’, ‘decoration, hardware, and household maintenance’, ‘health’, ‘recreational and cultural services’, and ‘education’. In contrast, Factor 2 can be classified as ‘Daily Necessities and Lifestyle Convenience’ which consists of six variables, namely, ‘food and non-alcoholic beverages’, ‘clothing and shoes’, ‘transportation’, ‘communication’, ‘restaurants and hotels’, and ‘various goods and services’. In addition, the results of our analysis showed that Factor 1 is more dominant in influencing the CPI structure in Malaysia.

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confidence: 99%

Latent Hidden Factor Model for Malaysia Consumer Price Index

Masseran,

Ahmad Farouk,

et al. 2024

JSM

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Monetary policy implications of the new fiscal regime in Nigeria: A simulation study

Kure,

Salisu

2024

Scientific African

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Functional income distribution, effective demand and wealth in Denmark – insights from an empirical stock-flow consistent model

Byrialsen,

Valdecantos,

Raza

et al. 2024

Journal of Post Keynesian Economics

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Inflation and the role of macroeconomic policies: A model for the case of Denmark

Cited by 5 publications

References 33 publications

Latent Hidden Factor Model for Malaysia Consumer Price Index

Latent Hidden Factor Model for Malaysia Consumer Price Index

Monetary policy implications of the new fiscal regime in Nigeria: A simulation study

Functional income distribution, effective demand and wealth in Denmark – insights from an empirical stock-flow consistent model

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