We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by …

accurate forecasts. We use the model to study the pass-through of an oil shock and to study the evolution of inflation during …

The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity … contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of …

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on … roughly cut in half. Third, there is no apparent contemporaneous link between inflation and public debt levels for the … advanced countries as a group (some countries, such as the United States, have experienced higher inflation when debt/GDP is …

macroeconomic forecasts. We produce real time out-of-sample forecasts for inflation, the unemployment rate and the interest rate … predictions for the three variables. In particular for inflation the TV-VAR outperforms, in terms of mean square forecast error … also shown to hold over the most recent period in which it has been hard to forecast inflation. …

plays no role. Trust does play a role but requires a lower bound on efficiency. Stationary inflation must be positive and …

features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of …

inflation and the difficulties of East European central banks in pursuing non-inflationary policies. The main obstacles are the …