not provide a strong argument against low inflation targets. …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

low-inflation anchor. The paper finds evidence of such a credibility effect: during `the EMS period' (flexibly dated …) German inflation enters into autoregressive inflation predictor schemes for each of the main EMS countries (Belgium, France …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …, they cannot explain them all.<P>Réponse de l'inflation aux chocs récents : Les pays du G7 diffèrent-ils les uns des autres … certain nombre de différences dans l'impact estimé des prix à l'importation des produits de base et des taux de change sur l'inflation …

Blanchard (2022) highlights in his analysis of near-term inflation pressures. The amenity-values gains associated with the …

results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many …

-pressure, matters both in the labor market and the market for goods in the determination of wage and price inflation. vVe consider from … wages are more flexible than prices with respect to their respective demand pressure terms and that price inflation … determination gives (somewhat) more weight to medium term inflation than does wage inflation. This implies as reduced form equation …

A statistically significant relationship between the unemployment gap and inflation can be found for a clear majority … slack on inflation can often be dominated by other shocks, including imported inflation. The current Secretariat Phillips … curve specification assumes inflation expectations are anchored at the central bank’s target, although some experimentation …