We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation Thresholds ; Inflation and Growth ; Dynamic Panel Threshold Model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …

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 …

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

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on … the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly …

inflation. The paper makes use of different data from individual countries and panel of countries. These data show that the …This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the … dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization …

play a key role in determining outcomes today. We examine this hypothesis using a novel panel dataset on firms actual and …

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

, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …