The purpose of the paper is to revisit the inflation–output gap relationship using a new approach known as the wavelet … wavelet methodologies for the study of the inflation–output gap nexus in the case of France, we determine that the output gap … is able to predict the inflation dynamics in the short- and medium-runs, and these results have important implications to …

due to nominal rigidities, drives the dynamics of inflation relative to expected inflation and lagged inflation. This … paper exploits the empirical success of the New Keynesian Phillips curve in explaining China's inflation dynamics with a new …, based on a multivariate dynamic model featuring distinct interactions among inflation, money, and real output in China. The …

of inflation has been reduced significantly. We find strong statistical support for this decline, a result that is …