wages and prices to past inflation fails along several of these dimensions …) a persistent and hump-shaped response of inflation to a monetary policy shock, (ii) a large and persistent response of … shock, (v) non-inertial responses of inflation to non-monetary shocks, and (vi) a negative unconditional autocorrelation of …

Inflation dynamics have been difficult to explain over the last decade. This paper explores if a more comprehensive … treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core … and wage inflation have become less synchronized. Global factors (including commodity prices, world slack, exchange rates …

relationship between wages and prices, so wage inflation has become a much less important determinant of price inflation … has evolved to study inflation in Japan. Our key finding is that labor market dynamics shifted after 1998 so that … correlations between labor market tightness and wages weakened noticeably. This change was accompanied in a break in the …

and wages in Romania …

higher marginal rate of substitution of current wages for future wages. Incidentally, a survey of several hundred …

significantly affects U.S. inward foreign direct investment. We find no evidence that relative wages have a significant impact on …