{"id":"https://openalex.org/W2606155074","doi":"https://doi.org/10.1353/jda.2017.0009","title":"The Determinants of Price Inflation in the United States: A Multivariate Dynamic Cointegration and Causal Analysis","display_name":"The Determinants of Price Inflation in the United States: A Multivariate Dynamic Cointegration and Causal Analysis","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W2606155074","doi":"https://doi.org/10.1353/jda.2017.0009","mag":"2606155074"},"language":"en","primary_location":{"id":"doi:10.1353/jda.2017.0009","doi":"https://doi.org/10.1353/jda.2017.0009","is_oa":false,"landing_page_url":"https://doi.org/10.1353/jda.2017.0009","pdf_url":null,"source":{"id":"https://openalex.org/S14567820","display_name":"The Journal of Developing Areas","issn_l":"0022-037X","issn":["0022-037X","1548-2278"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310315774","host_organization_name":"Western Illinois University","host_organization_lineage":["https://openalex.org/P4310315774"],"host_organization_lineage_names":["Western Illinois University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Developing Areas","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089293769","display_name":"Md. Sharif Hossain","orcid":"https://orcid.org/0000-0001-7073-6601","observed_orcids":["https://orcid.org/0000-0001-7073-6601"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Md. Sharif Hossain","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5023338587","display_name":"Rajarshi Mitra","orcid":"https://orcid.org/0000-0003-0590-8678","observed_orcids":["https://orcid.org/0000-0003-0590-8678"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rajarshi Mitra","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.285,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.85412887,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"51","issue":"1","first_page":"153","last_page":"175"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/determinants-of-inflation","display_name":"inflation determinants","score":0.8119999766349792},{"id":"https://openalex.org/keywords/phillips-curve","display_name":"Phillips curve","score":0.8849999904632568},{"id":"https://openalex.org/keywords/unemployment-rate","display_name":"unemployment rate","score":0.671999990940094},{"id":"https://openalex.org/keywords/long-term-interest-rates","display_name":"long-term interest rates","score":0.9350000023841858},{"id":"https://openalex.org/keywords/trade-openness","display_name":"trade openness","score":0.9959999918937683},{"id":"https://openalex.org/keywords/budget-deficit","display_name":"budget deficit","score":0.9869999885559082},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.9980000257492065},{"id":"https://openalex.org/keywords/economic-growth-rate","display_name":"economic growth rate","score":0.8519999980926514},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9980000257492065},{"id":"https://openalex.org/keywords/us-inflation","display_name":"US inflation","score":0.550000011920929},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.6110000014305115},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.9160000085830688},{"id":"https://openalex.org/keywords/vector-error-correction-model","display_name":"vector error correction model","score":0.6990000009536743},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.4339999854564667}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8709592819213867},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.722661018371582},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6507642269134521},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5849131345748901},{"id":"https://openalex.org/C84976871","wikidata":"https://www.wikidata.org/wiki/Q2015673","display_name":"Openness to experience","level":2,"score":0.5806395411491394},{"id":"https://openalex.org/C155508913","wikidata":"https://www.wikidata.org/wiki/Q1200411","display_name":"Misery index","level":4,"score":0.5735886096954346},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.5696043968200684},{"id":"https://openalex.org/C45619296","wikidata":"https://www.wikidata.org/wiki/Q17010135","display_name":"Deficit spending","level":3,"score":0.5184804797172546},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5144315361976624},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.509159505367279},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.5042825937271118},{"id":"https://openalex.org/C2779971977","wikidata":"https://www.wikidata.org/wiki/Q842206","display_name":"Money supply","level":3,"score":0.4620906710624695},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.4576191008090973},{"id":"https://openalex.org/C113679137","wikidata":"https://www.wikidata.org/wiki/Q10495747","display_name":"Fisher hypothesis","level":4,"score":0.4544849395751953},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.39166176319122314},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1353/jda.2017.0009","doi":"https://doi.org/10.1353/jda.2017.0009","is_oa":false,"landing_page_url":"https://doi.org/10.1353/jda.2017.0009","pdf_url":null,"source":{"id":"https://openalex.org/S14567820","display_name":"The Journal of Developing Areas","issn_l":"0022-037X","issn":["0022-037X","1548-2278"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310315774","host_organization_name":"Western Illinois University","host_organization_lineage":["https://openalex.org/P4310315774"],"host_organization_lineage_names":["Western Illinois University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Developing Areas","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:jda:journl:vol.51:year:2017:issue1:pp:153-175","doi":null,"is_oa":false,"landing_page_url":"http://muse.jhu.edu/article/654400","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:muse.jhu.edu:/article/654400","doi":null,"is_oa":false,"landing_page_url":"https://muse.jhu.edu/article/654400","pdf_url":null,"source":{"id":"https://openalex.org/S4377196299","display_name":"Project Muse (Johns Hopkins University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I145311948","host_organization_name":"Johns Hopkins University","host_organization_lineage":["https://openalex.org/I145311948"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W40048283","https://openalex.org/W150573749","https://openalex.org/W575712408","https://openalex.org/W1587141723","https://openalex.org/W1595615370","https://openalex.org/W1966910378","https://openalex.org/W1975490307","https://openalex.org/W1975994995","https://openalex.org/W1994110039","https://openalex.org/W2001866606","https://openalex.org/W2009667020","https://openalex.org/W2023346308","https://openalex.org/W2032175972","https://openalex.org/W2034789342","https://openalex.org/W2059392702","https://openalex.org/W2070720254","https://openalex.org/W2088898248","https://openalex.org/W2110603299","https://openalex.org/W2114151293","https://openalex.org/W2139105519","https://openalex.org/W2141476906","https://openalex.org/W2188335683","https://openalex.org/W2259067704","https://openalex.org/W2267960833","https://openalex.org/W2320686922","https://openalex.org/W2779002139","https://openalex.org/W3023121491","https://openalex.org/W3121361169","https://openalex.org/W3123888140","https://openalex.org/W3124726117","https://openalex.org/W3125397143"],"related_works":["https://openalex.org/W1965995320","https://openalex.org/W2077143906","https://openalex.org/W2791191741","https://openalex.org/W2051329421","https://openalex.org/W2034789342","https://openalex.org/W2124751138","https://openalex.org/W7112006248","https://openalex.org/W1965023788","https://openalex.org/W1532372461","https://openalex.org/W2434559290"],"abstract_inverted_index":{"Although":[0],"Classical":[1],"theory":[2],"postulates":[3],"that":[4,19,126,304,333],"there":[5,305,334],"is":[6,91,134,202,207,217,254,306,321,335,378],"a":[7,356,375],"short-run":[8,54,153,245,252,326,357,385],"trade-off":[9,253],"between":[10,22,146,256],"inflation":[11,23,78,168,205,248,257,371],"and":[12,24,36,55,73,117,120,164,183,194,236,258,268,312,347],"unemployment":[13,25,59,174,185,259,388],"rates,":[14],"numerous":[15],"studies":[16],"have":[17,242,382],"shown":[18],"the":[20,41,53,81,105,121,127,137,214,224,231,264,283,288,291,325,345,361,365,391,395],"relation":[21],"rates":[26],"vary":[27],"greatly":[28],"across":[29],"different":[30,147],"sample":[31,396],"periods,":[32],"countries,":[33],"estimation":[34],"techniques":[35],"data":[37],"sources.":[38],"Due":[39],"to":[40,97,136,142,167,173,180,197,219,241,297,354,374,381],"contrasting":[42],"results":[43,225,262,330],"obtained":[44],"in":[45,48,230,290,324,340,370,390],"previous":[46],"studies,":[47],"this":[49],"paper":[50],"we":[51,350],"investigate":[52,143],"long-run":[56],"effects":[57,246],"of":[58,100,149,263,271,309,315,338],"rate,":[60,63,158,169,175,186,372],"long-term":[61],"interest":[62,157,171,234],"trade":[64,159,181,187,237],"openness,":[65,160,182,188],"budget":[66,189],"deficit,":[67,190],"money":[68,198],"supply,":[69],"economic":[70,161,177,191],"growth":[71,162,178,192],"rate":[72,75,79,163,166,172,179,193,196,206,235,389],"exchange":[74,165,195],"on":[76,247,344,387],"U.S.":[77,362,392],"over":[80],"period":[82,366,397],"1978-2014.":[83,367],"The":[84,93,115,131,261,300,317,328],"Augmented":[85],"Dickey":[86],"Fuller":[87],"unit":[88],"root":[89],"test":[90,329],"performed.":[92],"variables":[94,128],"are":[95,129,226,239,281,295],"found":[96,218,240,296,380],"be":[98,220,298],"integrated":[99],"order":[101],"one.":[102],"We":[103],"apply":[104],"bounds":[106],"testing":[107],"approach":[108],"proposed":[109,275],"by":[110,276],"Pesaran":[111],"et.":[112,278],"al":[113,279],"(2001).":[114],"Johansen":[116],"Juselius":[118],"(1990)":[119],"Engle-Granger":[122],"(1987)":[123],"tests":[124,274,302],"show":[125],"cointegrated.":[130],"Granger":[132],"F-test":[133],"applied":[135],"vector":[138],"error":[139,292,341],"correction":[140,293],"model":[141,294],"causal":[144,348],"relationships":[145],"pairs":[148],"variables.":[150],"Results":[151],"indicate":[152,303,332],"unidirectional":[154],"causalities":[155],"from":[156,170,176,184],"supply.":[199],"Long-run":[200],"causality":[201],"observed":[203,255],"when":[204],"an":[208],"endogenous":[209],"variable.":[210],"In":[211],"cointegration":[212,346],"analysis,":[213,349],"adjustment":[215],"coefficient":[216],"statistically":[221],"insignificant;":[222],"thus,":[223],"considered":[227],"plausible":[228],"only":[229],"short-run.":[232],"Long-term":[233],"openness":[238],"significant":[243,251,384],"positive":[244],"rate.":[249],"No":[250],"rates.":[260],"cumulative":[265,269],"sum":[266,270],"(CUSUM)":[267],"squares":[272],"(CUSUMSQ)":[273],"Borensztein":[277],"(1998)":[280],"within":[282],"critical":[284],"bounds;":[285],"thus":[286],"all":[287],"coefficients":[289],"stable.":[299],"diagnostic":[301],"no":[307,313,336,352],"evidence":[308,353],"serial":[310],"correlation,":[311],"problem":[314,337],"heteroscedasticity.":[316],"autoregressive":[318],"conditional":[319],"heteroscedasticity":[320],"not":[322,379],"present":[323],"model.":[327],"also":[331],"normality":[339],"distribution.":[342],"Based":[343],"find":[351],"support":[355],"Phillips":[358],"curve":[359],"for":[360,364,394],"economy":[363,393],"A":[368],"rise":[369],"due":[373],"monetary":[376],"expansion,":[377],"any":[383],"impact":[386],"under":[398],"study.":[399]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2017-04-28T00:00:00"}