output and inflation, as observed in a vectorautoregression analysis. In contrast to backward indexation to past inflation …, which is often assumed in the literature, sticky information leads to a hump-shaped response in the inflation of flexibly …

-industry-specific Phillips curves for each decade by relating the growth rate of output prices to lagged inflation and an employment gap. We then … represent the sensitivity of inflation to economic slack. We measure globalization by increases in trade and financial …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …

inflation dynamics that resemble the missing disinflation of that period. …

In this paper, the authors propose a measure of underlying inflation for Canada obtained from estimating a monthly … distort the signal in many other measures of underlying inflation, and appears to capture price movements that are indicative … measures of underlying inflation monitored by the Bank of Canada. …

by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …

This paper examines the contribution of several supply factors to US headline inflation since the start of the COVID-19 … contributors to the US inflation during the pandemic. In contrast, labor shortages only mildly contribute to inflation, but their … inflation only towards the middle of 2022. Finally, our analysis, which also allows the identification of monetary policy and …