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. …

frequency domain framework. For long run relation, the Johansen and Juselius (1990) maximum likelihood approach to cointegration …

comprised of the short- and long-term interest rates in Poland and the euro area, inflation rates, CDS indices and the zloty …/euro exchange rate, four long-run relationships were found. Two of them link term spreads with inflation rates, the third one … describes the exchange rate and the fourth one explains the inflation rate in Poland. Transmission of shocks was analysed by …

-reform regime is characterized by high inflation, passive monetary policy and persistent responses to shocks. The post-reform regime … is characterized by low inflation, active and credible monetary policy and markedly less persistent responses to shocks …

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 …

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 …

VAR (SVAR) model is used to estimate the exchange rate pass‐through to inflation in Pakistan. Further, impulse response …