This paper examines old and new evidence on the predictive performance of asset prices for inflation and real output … prices predict either inflation or output growth in some countries in some periods. Which series predicts what, when and …

We use data from the Survey of Professional Forecasters to compare point forecasts of GDP growth and inflation with the …

and so on domestic wage and price inflation. In this paper we show that, in a model which is 'super-neutral' and has … exchange rate does not succeed in cutting the output costs of reducing steady-state inflation. Those output and unemployment …. Relative to other policies which achieve the same effect on steady-state inflation, exchange rate overshooting brings inflation …

a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen … changes to these two factors. Our technique involves estimating movements toward an inflation and output variability …

inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after …

This paper examines the shift in the relation between the inflation rate and the rate of growth of real output which … possible lines of explanation: a) the new classical view of the output-inflation tradeoff, initially specified by Lucas;b) the … effect of supply-side shocks, such as energy prices; c) the effect of inflation variability on the natural rate of real …

, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits …. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one …

This paper shows that inflation has depended strongly on the growth rate of output for most of the twentieth century …

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 used to predict 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 …