rates across countries. An extension of the analysis used by Ball and Sheridan finds that convergence in inflation rates …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 …

. 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 …

, by reducing the extent of intermediated finance, can reduce output below potential and keep inflation below the central … this means that expected inflation is below target in the short run. Such a policy is optimal because it can help to avoid …

This paper presents a new measure of underlying inflation: component-smoothed inflation. It approaches the problem of … determining underlying inflation from a different direction than previous methods. Rather than excluding or trimming out volatile … signal. Because our underlying inflation measure includes all CPI items at all times, it is robust to sustained relative …

the headline CPI, exclusion-based ‘cores’, and trimmed means as measures of underlying inflation. Overall, we find that … support to the use of trimmed means as useful measures of underlying inflation at the current juncture where the growth of … China and other emerging markets is having two offsetting effects on global inflation. Whereas some central banks have …

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 …