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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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:13:y:2018:i:3:p:401-422
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