This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not … frequency, the output and core inflation comovement is high and stable, and that inflation lags the cycle in output with roughly … half of its variance. The strong relationship of output and inflation hints at the importance of demand shocks for the euro …

, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … downward drag on its inflation going forward …

""natural rates"" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production …

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 …

This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies … that Phillips curves based on ex post output gaps generally improve the accuracy of inflation forecasts compared to an AR(1 …) forecast but that real-time output gaps often do not help forecasting inflation. This raises the question how operationally …

estimates in real time are more robust relative to those of naïve statistical filters, there is still significant uncertainty …

There is considerable evidence from industrial countries that the output gap is an important determinant of inflation … inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model …

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