Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …

that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate …

. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …

in terms of the sectoral savings-investment balance. Persistently high inflation is found to have depressed real returns … outward spillovers to and from India. The results show that output shocks emanating in globally systemic countries have … important global effects, but their impact on India is limited. It is found that shocks originating in India have relatively …

This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve … based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor …-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including …

, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and … GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to … target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero … cost, because four percent inflation does not harm an economy significantly. …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …