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 …

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

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 …

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 …

inflation variability despite having the desire. The result proves that central bank's preferences are a necessary condition but … not sufficient to guarantee lower inflation variability. The structure of the economy and the types of the shocks are …

money growth shock, exchange rate appreciates and inflation falls. Money growth shocks are transmitted to the economy … inflation. …

drastically change the dynamics of inflation and output following certain shocks. …