inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …

analyze China’s role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation … exposure help explaining crosscountry differences in price responses. -- Global inflation ; China ; international business …

Jackman (1991), we investigate the relationship between inflation and the share more formally by estimating a pricing equation … and Lopez-Salido (2000) relationship between inflation and marginal costs in the limiting case of a constant equilibrium … between inflation and the labour share over the last 30 years in the UK and so the share contains information that helps to …

This paper contrasts empirically four leading models of inflation dynamics - the accelerationist Phillips curve (APC …

This paper estimates the Brazilian Nairu (Non-Accelerating Inflation Rate of Unemployment) and investigates several … Nairu and inflation. It also shows that the usefulness of the Nairu to the conduct of monetary policy is very limited …