. This paper provides a new way of assessing the credibility of monetary policy by analyzing the dispersion of inflation …-unemployment observations over time. In this way, we may reveal whether the short run Phillips curves have shifted due to changes in inflation … expectations. This way of analyzing the anchoring of inflation expectations is both simple and free from ambiguities that are …

fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of … monetary policy and its interaction with fiscal policy after World War II. -- Time-Varying VAR ; Inflation ; Public Deficits …

experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation …

This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for the West …

dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … role of globalization - covering both changes in the global market structure and technical and structural developments in …

dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … role of globalization - covering both changes in the global market structure and technical and structural developments in …

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 …