a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the …

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 …

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 …

inflation. Furthermore, home bias in households' preferences allows for real exchange rate fluctuation, giving rise to …

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 …

find a higher average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF … inflation expectations are typically not large but significant in some periods. Both short- and long-term expectations provide … (not always for the countries). The analysis is undertaken for headline inflation and inflation excluding energy and food …