Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …

Dynamic econometric models are carefully built to analyse counterfactually the globalisation effect on inflation for … impact as far as inflation persistence is concerned while the impact on inflation variability can be positive as well as … negative. Overall, globalisation is found to have contributed positively to lowering rather than stabilising inflation during …

. Specifically we find that the expected rate of future inflation and real marginal costs serve as replacements for equilibrium … OECD inflation, the NPC is encompassed by an existing theory. …

inflation and inflation uncertainty. Thus, we can test for state-dependence of the Calvo parameter in a straightforward way. To … that a number of shortcomings of empirical NKPC model representations in explaining inflation data may be addressed by … the relation between inflation and marginal costs are considerably reduced in the framework of our more general NKPC …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

The New Keynesian Phillips curve (NKPC) is now the dominant model of inflation dynamics. In recent years, a large body …

This paper seeks to understand dynamics of inflation and marginal cost (labor share) in models that account for the … productivity growth particularly for the US. We conclude that a better understanding of the inflation-unemployment tradeoff …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

, while inflation has remained relatively subdued around a plateau of 2%- 4%. Thus, the slope of the PC has become much … in inflation of 2.2 percentage points per year, the increase of the relative unemployment rate of immigrants vis …-à-vis natives accounts for an ofsetting 0.9 percentage points drop in the inflation rate per year. …