variable for Swedish inflation than the output gap. However, standard errors in the estimations are large and it is in fact … difficult to pin down a statistically significant relationship between either real marginal cost or the output gap and inflation. …

Modern theories of inflation incorporate a vertical long-run Phillips curve and are usually estimated using techniques … that ignore the non-stationary behaviour of inflation. Consequently, the estimates obtained are imprecise and are unable to … distinguish between competing models of inflation and test the veracity of a vertical long-run Phillips curve. We estimate a …

In this paper we study the relationship between output and inflation for India, Brazil, and South Africa using the … EGARCH model. For India and South Africa, we find evidence for: (1) the Cukierman and Meltzer hypothesis that inflation … volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis …

We examine real uncertainty (measured by the variability of real growth) and whether it impacts on inflation … uncertainty on inflation. …

, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction … aspects concern a real activity decline that was unusually long but less unusually deep, and an inflation decline that was … unusually deep but brief; and (3) its real activity and inflation interactions were strongly positive, consistent with an …

This study provides estimates of economic uncertainty and inflation uncertainty for the Greek economy and considers … their time-varying impact on the corresponding macroeconomic variables, i.e. GDP growth and inflation. The authors find that …

particular, they focus not only on real activity, which has received most attention to date, but also on inflation and its … most extreme aspects concern a real activity decline that was unusually long but less unusually deep, and an inflation … decline that was unusually deep but brief; and (3) its real activity and inflation interactions were strongly positive …

Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an … augmented Phillips Curve framework, we find that thisphenomenon-sometimes attributed to low global inflation-has been primarily … causedby a remarkable persistence of inflation, keeping it low despite the reduction in slack. Thisfeature is shown to be …

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper contributes to the literature by providing a granular investigation of inflation persistence … at the city level in Lithuania during the period 2000–2021, as well as a comparison of inflation persistence at the …