In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory. -- Employment Growth ; Inflation ; Output Growth ; Golden …

We propose a noncausal autoregressive model with time-varying parameters, and apply it to U.S. postwar inflation. The … model .fits the data well, and the results suggest that inflation persistence follows from future expectations. Persistence … curve indicate that current inflation also depends on past inflation although future expectations dominate. The implied …

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively … stable following the Bretton Woods period, despite the adoption of different monetary regimes. The estimation of an …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …

New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate cointegration … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …

voneinander unterscheidet, dass sich dies im Verlauf des Zusammenhangs von Inflation und Arbeitslosigkeit niederschlägt. Erste … Studie bezieht sich auf die klassische Phillips-Kurve, die den empirischen Zusammenhang zwischen Inflation und …

This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017 …-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in …

consumer goods. -- Global liquidity ; inflation control ; monetary policy transmission ; asset prices …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … liquidity ; inflation ; international spillovers …