money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … structural and empirical models in a consistent framework using Bayesian and other estimation techniques. We find that money … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …

-kinked demand schedule for goods produced by firms. Our model can jointly account for the modest decline in inflation during the … Great Recession and the surge in inflation during the Post-Covid period. Because our model implies a stronger transmission … of shocks when inflation is high, it generates conditional heteroskedasticity in inflation and inflation risk. Hence, our …

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper contributes to the literature by providing a granular investigation of inflation persistence … at the city level in Lithuania during the period 2000-2021, as well as a comparison of inflation persistence at the …

Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …

ABOUT INFLATION? -- V. SUMMARY AND CONCLUSIONS -- References. …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization …

-- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary …

-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the … financial and economic development and recent inflation history. …

the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …