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Analysis of the Relationship between the Business Cycle and Inflation Gap in Time-Frequency Domain

Saleh Taheri Bazkhaneh, Mohammad Ali Ehsani, Mohammad Taqi Gilak Hakimabadi and Asodollah Farzinvash
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Saleh Taheri Bazkhaneh: University of Mazandaran
Mohammad Ali Ehsani: University of Mazandaran
Mohammad Taqi Gilak Hakimabadi: University of Mazandaran
Asodollah Farzinvash: University of Tehran

Journal of Money and Economy, 2018, vol. 13, issue 3, 401-422

Abstract: Controlling the business cycle and minimizing the inflation gap are considered as two major goals for monetary policy. Hence, the policymaker will be able to make more decisive decisions with an awareness of the dynamic relationship and causal relationship between these two variables. Accordingly, the present study uses a discrete and

Keywords: Business Cycle; Inflation Gap; Wavelet Transform; Monetary Policy (search for similar items in EconPapers)
Date: 2018
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