relationship, and 2) using inflation as an additional explanatory variable. By implementing a well structured estimation strategy …, we found that after taking the level shift into account, a cointegrating equation, including inflation, exists and is …

rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …

nonlinear and exhibits an asymmetric pattern: oil price changes have a significant effect on inflation and output when the …

Spain, instead, we find evidence that deviations from reference values influence inflation dynamics. …

This paper investigates the performance of the New Keynesian Phillips curve when survey forecasts of inflation are used … to proxy for inflation expectations. Previous authors such as Brissimis and Magginas (2008) have applied survey measures … of inflation expectations to the NKPC, and have concluded that these estimates are superior to those estimated using …

We examine the relationship between two inflation indices, consumer price index (CPI) and producer price index (PPI …) for Mexico, a case study country which has successfully implemented inflation targeting after the economic crisis and high … inflationary situation in 1995. Since the causality running from PPI to CPI exemplifies the cost push nature of inflation and the …

elsewhere worldwide, inflation rose in Israel due to high commodity prices in global markets. However, our baseline model … attributes most of the high inflation in 2007 to supply shocks. One conjecture is that this model's result derives from the … performance of the original choice while improving the 2007 interpretation of inflation, and should therefore be considered the …

This paper constructs a quarterly series of GDP deflator inflation for China from 1979 to 2009 and tests for a … structural break with an unknown change point in the dynamic inflation process. Empirical results suggest a significant … structural change in inflation persistence. Employing a counterfactual simulation method, we show that the structural change is …

In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of inflation, in … empirical results, based on panel time-series data and analysis, confirm the anecdotal evidence which suggests that inflation … has had a detrimental effect to growth in the region. All in all, we highlight the fact that excessive inflation has …

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 …