favour of the SIPC over the low-inflation period. Parameter estimates are sensitive to inflation measures and sample periods … the fact that inflation has become difficult to model since the introduction of inflation targeting. Over sample periods …

This paper estimates a range of single-equation models of inflation for Australia. We find that traditional models …-Keynesian Phillips curve (NKPC) in explaining trimmed mean inflation, both in terms of in-sample fit and significance of coefficients … including a direct measure of inflation expectations, but we still find that the unemployment rate or growth in marginal costs …

This paper examines the effect of inflation on productivity growth in Australia. Broad historical correlations suggest … a negative relationship between inflation and aggregate productivity growth. The low-frequency nature of the … significant results with industry-level inflation explaining industry productivity. We also find that the relationship varies by …

Ball and Sheridan (forthcoming) show that OECD countries with a history of high inflation before the 1990s have … subsequently experienced a larger degree of disinflation than countries with a history of low inflation. They label this process … ‘regression to the mean’, and argue that it explains why those OECD countries which adopted inflation targeting experienced larger …

. These include the distinction between the short and long-run trade-offs between inflation and unemployment, and the changing … level of the non-accelerating inflation rate of unemployment (NAIRU), particularly in the 1970s. We estimate Phillips curves … discussion of the changing role of the Phillips curve in the intellectual framework used to analyse inflation within the Reserve …

prices are indexed to past inflation. These problems arise because of a type of misspecification and a lack of suitable …

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …

Inflation rates across countries tend to exhibit a degree of co-movement. In this paper we use a panel vector … prices are found to be more important than common movements in real activity as a driver of 'global inflation' dynamics …. However, commodity prices and common real activity cannot explain all of the co-movement in inflation. Even when controlling …

We estimate inflation expectations and inflation risk premia using inflation forecasts from Consensus Economics and … Australian inflation-indexed bond price data. Inflation-indexed bond prices are assumed to be non-linear functions of latent … long-term inflation expectations are well anchored within the 2 to 3 per cent inflation target range, while short …