import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

, linking nominal interest rates to inflation; however, there is no evidence of the full adjustment of the former to the latter …

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively … stable following the Bretton Woods period, despite the adoption of different monetary regimes. The estimation of an …

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the … of the government's budget constraint, we find strong evidence to support these predictions under different estimation …

interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In … this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U …