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 …-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

. This paper provides a new way of assessing the credibility of monetary policy by analyzing the dispersion of inflation-unemployment … 1999-2013. The analysis is based on dispersion measures where we use alternative weights for inflation and unemployment and … also on a simple Misery index which is just a sum of inflation and unemployment values. The general outcome of the paper is …

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

This paper estimates the Brazilian Nairu (Non-Accelerating Inflation Rate of Unemployment) and investigates several … concludes that there is a statistically significant relationship, with correct sign, between deviations of unemployment from the … Nairu and inflation. It also shows that the usefulness of the Nairu to the conduct of monetary policy is very limited …

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

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 …