Advanced Search
MyIDEAS: Login

Stochastic Refinement of The Pecorino's Optimal Inflation-Rate Model

Contents:

Author Info

  • Costas Kyritsis
  • Petros Kiochos
Registered author(s):

    Abstract

    In this short paper with title "Stochastic Refinement of the Pecorino's Optimal Inflation-Rate model", we extend the model of Pecorino to include stochastic effects. The basic result is that under natural conditions the optimality of the model's inflation rate, remains, even if we refine it to a stochastic model. The stochastic refinement has in addition a three-fold effect: a) It makes the model mathematically more sophisticated and advanced b) It gives to it statistical and econometric foundation; it is therefore related directly to empirical measurements c) Many different cases can be considered to follow the model (up to a probability of an error) that in the previous deterministic formulation should be excluded.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by European Research Studies Journal in its journal European Research Studies Journal.

    Volume (Year): I (1998)
    Issue (Month): 4 (October - December)
    Pages: 41-60

    as in new window
    Handle: RePEc:ers:journl:v:i:y:1998:i:4:p:41-60

    Contact details of provider:
    Web page: http://www.ersj.eu/

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:i:y:1998:i:4:p:41-60

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleni Giannakopoulou).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.