and food price shocks on a given set of countries. Secondly, we assess the importance of inflation linkages among … exist among regions. In addition, a considerable part of the observed headline inflation rises is attributable to foreign …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …

(notably residential property) and inflation; and it looks at the role of public debt for consumer price developments. On the … basis of a VAR analysis, the study finds that i) global money demand shocks affect global inflation and also global … commodity prices, which in turn impact on inflation; global asset/property price dynamics appear to respond to financing cost …

are consistent with the behavior of inflation. We label these deviations the output gap. In order to pin-down the features … of the model, we evaluate the accuracy of real-time inflation forecasts from different model specifications. The version … that forecasts inflation best implies that after the 2011 sovereign debt crisis the output gap in the euro area has been …

, price inflation, and stock prices …

We develop a theoretical model that features a business cycle-dependent relation between output, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the co-efficient in the Phillips curve on the …

period of 1994-2008. Except for short-term forecasts of inflation and interest rates, it is as good as or clearly outperforms …

;developedquot; countries. For emerging markets with only one digit inflation (most notably the Asian countries), passthrough to import and … evidence for a positive relationship between the degree of the ERPT and inflation, in line with Taylor's hypothesis once two …