, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a …Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth … smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an …

Central bankers often assert that low inflation and anchoring of inflation expectations are good for economic growth … (Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 … advanced and emerging market economies over the period 1990-2014. Inflation anchoring in each country is measured as the …

attributed to low inflation expectations and low productivity growth. There is no evidence - from either aggregate or micro …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This allows us to capture the … different drivers of individual inflation components. We find that the Phillips curve is relatively flat in Colombia but steeper … dynamics are important for non-tradable goods. We show that besides allowing for a more detailed understanding of inflation …

This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve … based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor …-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including …

Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of … inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector … Autoregression Model, and (iii) a Vector Error Correction Model. The outcomes suggest that inflation dynamics in Yemen are driven by …

non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …