identify the chronologies in Australia''s classical cycle (expansions and contractions in the level of output) and growth cycle … duration and amplitude of phases in Australia''s classical cycle, on both measures the Australian growth cycle is much more …

surprise news about the inflation rate and interest rates. Stock returns are also positively correlated with the unexpected …

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well …, underpinned by weak labor markets, slowing wage growth, and, in many cases, falling oil prices. Indeed, inflation declined by … about the same fraction of the initial inflation rate across episodes. That said, disinflation has tended to taper off at …

inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that international commodity … price shocks have a significant impact on domestic inflation, but the inflation response is asymmetric for positive and … negative shocks. Cyclical fluctuations explain a relative small share of inflation variability, and the inflation response is …

This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession …. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to predice inflation over 2008-2010: inflation … by theories of costly price adjustment: we measure core inflation with the median CPI inflation rate, and we allow the …

output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal … historical wage shocks are shown to have an important effect on movements in inflation only in Mexico. Generalized impulse … reduction in output. Inflation increases in all countries, particularly Mexico. A positive shock to nominal money growth raises …