We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve … to affect inflation through (the common part of) domestic demand and supply conditions. Our most important result is that … the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence that …

We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United … States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on … inflation and interest rate expectations at various future horizons, as well as term structure data from both nominal and index …

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …

This paper formalizes the process of updating the nowcast and forecast on out-put and inflation as new releases of data … Philadelphia surveys have a large marginal impact on the nowcast of both inflation variables and real variables and this effect is … sizeable. Prices and quantities affect the precision of the estimates of inflation while GDP is only affected by real variables …

This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting inflation … inflation with the ability of quantile regression to model flexibly the whole distribution of inflation. In order to make our …-based indicators for the prediction of the conditional distribution of inflation in the euro area, both in the short and longer run …

period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … cost determination. This set-up produces realistic labor market statistics together with inflation persistence …

coordinated wage bargaining systems have a dampening impact on inflation volatility …