model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

Many central banks have abandoned monetary targeting because the link between money growth and inflation seemed to … a unit relationship between money growth and inflation at low frequencies when the impact of interest rate changes on … is combined with high-frequency information from the output gap to explain movements in inflation. …

analysing inflation. The Swiss National Bank emphasises that the indicators it uses to do so vary across forecasting horizons … spectral regressions and causality tests in the frequency domain, we show that this interpretation of the inflation process …

band spectrum regression to study the determination of inflation in Japan. We find that inflation is related to money … reflects Granger causality from money growth and the output gap to inflation in the relevant frequency bands. …

Why is inflation so much lower and at the same time more stable in developed economies in the 1990s, compared with the … inflation equilibrium. Our argument builds on the story proposed by Tom Sargent in The conquest of American inflation, where the … fall in inflation in the 1980s was attributed to the changing beliefs informing monetary policy. To explain the escape in …

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 …

Some channels through which increased inflation tends to reduce economic growth, and vice versa, are studied within a … potential impact of inflation on: (a) saving through real interest rates (or uncertainty); (b) the income velocity of money; (c …) the government budget deficit through the inflation tax and tax erosion; and (d) efficiency in production through the …

We study the determination of Irish inflation between 1935 and 2012 using a Phillips curve approach. We find that a … of diagnostic tests. We also consider the importance of UK and euro area inflation for Irish inflation. While UK … inflation is significant in the period 1935 – 1979, and euro area inflation is significant in the period 1980 – 2012, we present …