Dynamics of the relation between producer and consumer price indices: A comparative analysis in the U.S. market

Name: Dynamics of the relation between producer and consumer price indices: A comparative analysis in the U.S. market
Author: Ceylan, Özcan

İsim	Dynamics of the relation between producer and consumer price indices: A comparative analysis in the U.S. market
Yazar	Ceylan, Özcan
Basım Tarihi:	2020-06-01
Basım Yeri	- IGI Global
Tür	Kitap
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	978-179981095-7
Kayıt Numarası	b97e653d-089a-4ecf-9537-894b14b5ee66
Lokasyon	Hotel Management
Tarih	2020-06-01
Örnek Metin	The relation between the Producer Prices Index (PPI) and the Consumer Price Index (CPI) in the U.S. is analyzed for two sub-periods: one spanning from 1947 to 1982, the post-war period marked by demand-side economic policies, and the other one starting by 1983 when supply-side policies pioneered by the Reagan government came into effect. As the series in question are found to be cointegrated, a Vector Error Correction Model is employed for the analysis. Regarding the longrun equilibrium relationships, it is found that the loading for the PPI series are statistically significant for both periods, while the loading for the CPI is barely significant for the first period, and it is insignificant at any acceptable level for the second. Thus, the CPI represents the common trend in the system in both periods, but it does more clearly so in the second period.
DOI	10.4018/978-1-7998-1093-3.ch002

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Dynamics of the relation between producer and consumer price indices: A comparative analysis in the U.S. market

Yazar Ceylan, Özcan

Basım Tarihi 2020-06-01

Basım Yeri - IGI Global

Tür Kitap

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 978-179981095-7

Kayıt Numarası b97e653d-089a-4ecf-9537-894b14b5ee66

Lokasyon Hotel Management

Tarih 2020-06-01

Örnek Metin The relation between the Producer Prices Index (PPI) and the Consumer Price Index (CPI) in the U.S. is analyzed for two sub-periods: one spanning from 1947 to 1982, the post-war period marked by demand-side economic policies, and the other one starting by 1983 when supply-side policies pioneered by the Reagan government came into effect. As the series in question are found to be cointegrated, a Vector Error Correction Model is employed for the analysis. Regarding the longrun equilibrium relationships, it is found that the loading for the PPI series are statistically significant for both periods, while the loading for the CPI is barely significant for the first period, and it is insignificant at any acceptable level for the second. Thus, the CPI represents the common trend in the system in both periods, but it does more clearly so in the second period.

DOI 10.4018/978-1-7998-1093-3.ch002