This paper proposes a new empirical representation of US inflation expectations in a Stace-Space Markov …

little response in the inflation rate. Such instances, while casting doubt on the tradeoff implied by the linear Phillips … curve, are also associated with large inflation forecasting errors. In principle, these movements are consistent with a … relationship against a simple linear specification, and compare dynamic and static out of sample forecasts of inflation across …

This paper presents some new estimates for the relationship between inflation and unemployment in Brazil based on a new … important factor in explaining the high persistence (inertia) of Brazilian inflation; iii) inflation does have an autonomous … inertial component, without linkage to shocks in individual markets; iv) a non-linear relationship between inflation and …

of a variety of aggregate quantities: business cycle fluctuations, inventories, inflation, medium or long run movements …