associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage … coordination and higher union density flatten the Phillips curve and increase the inflation response to the real exchange rate, i …

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

case of female unemployment and the degree of persistence is higher in the cases of female and youth unemployment series …

We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences … similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months …

which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section … dependence ; VAR models ; impulse responses ; factor models ; inflation persistence …

countries and non-Inflation Targeting countries, Section 5 uses panel estimation methods including GMM techniques on different …This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be …

bigger government reduced it, with the effects of inflation being statistically insignificant. Politically, the efficacy of …