framework, indicating demand pressure that generates inflation. The output gap is also an important variable in itself, as a … value added in predicting inflation. The multivariate measures of the output gap have by far the best predictive power. This … predicting inflation. As uncertainties are particularly pronounced at the end of the calculation periods, assessment of pressures …

We specify an empirical model of US inflation which has the dynamics of wage and price setting at its core. In the … studies of pandemic-era inflation have confirmed that shocks to energy prices were important, but have not included imported … inflation more broadly. Estimation and simulation results indicate that wage growth was strongly affected early in the pandemic …

cyclical fluctuations are typical for both nominal and real variables, e.g. inflation and unemployment. …

importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also … encompassing approach is applied to open economy versions of the NPC for UK and Norway. …

with Germany and (possibly) Sweden, but rejected against the UK and the US. We argue that rejection of bilateral …