This paper examines recent changes in the cyclicality of euro area inflation. We estimate time-varying parameters for … become steeper since 2012. Thus, the current low level of inflation and persistently negative output gap increase the risk … that euro area inflation will stay below the monetary policy target for an extended period. …

This paper focuses on modeling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products (NFMP) inflation vis-a-vis headline wholesale price inflation; moreover, NFMP inflation is found to be more …

inflation and the unemployment rate in Australia. The implied time-varying equilibrium unemployment rate was generated and the …

Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models … competition traditionally highlighted by New Keynesian economists. This class of models leads to a new paradigm in business cycle …

Recently, a new class of macroeconomic business cycle models has emerged. Stochastic dynamic general equilibrium models … competition traditionally highlighted by New Keynesian economists. This class of models leads to a new paradigm in business cycle …

. Whereas our methodology is general, we focus on an extended macro-model with unobservable processes for the inflation target … inflation target dominates the variation in the 'level factor' whereas monetary policy shocks dominate the variation in the …

In this paper we propose a straightforward method to derive a non-accelerating inflation capacity utilisation rate … adjustments. The non-accelerating inflation capacity utilisation rate is then defined as the rate where a firm feels no price …

The purpose of the paper is to revisit the inflation–output gap relationship using a new approach known as the wavelet … wavelet methodologies for the study of the inflation–output gap nexus in the case of France, we determine that the output gap … is able to predict the inflation dynamics in the short- and medium-runs, and these results have important implications to …

This paper estimates variants of a small-scale New Keynesian model using observations on inflation, inflation …

that policies with good frames, including inflation targeting, can mitigate the sacrifice ratio. …