the Phillips curve over time. We consider different specifications and different measures for inflation. Furthermore, we … include stochastic volatility for the observation errors. Our estimation results are based on practical Bayesian state space ….S. headline inflation has remained empirically relevant over the years. …

of US inflation using a model with time-varying mean and variance; we report significant improvements in the forecasting …

This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two … active monetary policy and stronger fiscal feedbacks from debt on taxes can lead to less volatile inflation and debt dynamics …

? These two questions are examined empirically in Egypt, Turkey and Morocco for households with family members living abroad …

consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates …. In the absence of autocorrelation in inflation, the risk premium is constant. If inflation is correlated, however, the …