Page 63 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.81, # 1, 2024, pp. 51-64

Cerquera-Losada, Ó.H., Murcia-Arias, J.P. and Conde-Guzmán, J., 2018. Relationship
between the consumer price index and the producer price index for six South
American countries. Apuntes Del CENES, 37(66), pp.39-74.

Gang, F.A.N., Liping, H.E. and Jiani, H.U., 2009. CPI vs. PPI: Which drives
which?. Frontiers of Economics in China, 4(3), pp.317-334.
Ghazali, M.F., Yee, O.A. and Muhammad, M.Z., 2008. Do producer prices cause
consumer prices? Some empirical evidence. International Journal of Business
and Management, 3(11), pp.78-82.
Jiang, C., Chang, T. and Li, X.L., 2015. Money growth and inflation in China: New
evidence from a wavelet analysis. International Review of Economics &
Finance, 35, pp.249-261.

Jones, J.D., 1985. Money, inflation, and causality (a look at the empirical evidence for
the US, 1974–1983). Socio-Economic Planning Sciences, 19(5), pp.363-369.
Khan, K., Su, C.W., Tao, R. and Chu, C.C., 2018. Is there any relationship between
producer price index and consumer price index in the Czech
Republic?. Economic research-Ekonomska istraživanja, 31(1), pp.1788-1806.
Islam, Y., Kulkayeva, A., 2022. How Producer Prices Affect the Consumer Inflation in
Kazakhstan. NBRK-WP-2022-5
Niftiyev, I., 2020. Analysis of Inflation Trends in Urban and Rural Parts of Azerbaijan:
Main Drivers and Links to Oil Revenue, SSRN, Rochester, NY,
https://doi.org/10.2139/ssrn.3727013
Ramsey, J.B. and Lampart, C., 1998. Decomposition of economic relationships by
timescale using wavelets. Macroeconomic dynamics, 2(1), pp.49-71.
Rahimov, V., Adigozalov, S., Mammadov F., 2018. Determinants of Inflation in
Azerbaijan. Scientific Reviews in UNEC, Vol. 6, pp.53-72.

Rahimov, V., Jafarova N., 2021. The Exchange Rate Pass-Through to CPI and its
Components in Azerbaijan. The Journal of Economic Sciences: Theory and
Practice, Vol. 78 (2), pp.17-42.

Rösch, A. and Schmidbauer, H., 2016. WaveletComp 1.1: A guided tour through the R
package. URL:
http://www.hsstat.com/projects/WaveletComp/WaveletComp_guided_tour.pdf.

Rua, A., 2011. A wavelet approach for factor‐augmented forecasting. Journal of
Forecasting, 30(7), pp.666-678.

Rua, A., 2012. Wavelets in economics. Economic Bulletin and Financial Stability
Report Articles, 8, pp.71-79.
Silver, J.L. and Wallace, T.D., 1980. The lag relationship between wholesale and
consumer prices: An application of the Hatanaka-Wallace procedure. Journal
of Econometrics, 12(3), pp.375-387.

63