Commentary: Some Methodological Suggestions
by Fumio Hayashi
Graduate School of International Corporate Strategy, Hitotsubashi University
Methodological suggestions are made for two separate
issues. First, I show how a consistent estimate of the level
of the expected inflation can be gleaned from inflation swap
rates. Second, I indicate how the dynamic general equilibrium
model in question can be modified to generate the observed
persistence in commodity price movements.
JEL Codes: E52, G13, Q43.
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