and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

inflation targeting, exchange rate management benefits households in the tradable goods sector but in the long run these …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

We study the link between expected inflation and wages using novel panel data from German firms and employees. We find … that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation … extensive margin, expected inflation has little effect on additional wage negotiations. …

Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and …. -- Optimum currency area ; gravity model ; Southern African integration ; endogenous optimum currency area theory …