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This paper applies a recently developed method (Inoue and Rossi, 2021) to estimate functional inflation expectations … on both inflation and output. In addition, threshold functional local projections indicate that the effects are nonlinear … and depend on central bank credibility. Further, inflation expectations shocks have similar effects to supply (demand …
Persistent link: https://www.econbiz.de/10014364953
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory. …
Persistent link: https://www.econbiz.de/10009162091
growth, giving support to Phillips' Golden Triangle theory. -- Employment Growth ; Inflation ; Output Growth ; Golden …In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009487899
Persistent link: https://www.econbiz.de/10009231327
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory …
Persistent link: https://www.econbiz.de/10013092691
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …
Persistent link: https://www.econbiz.de/10011815117
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks. …
Persistent link: https://www.econbiz.de/10011819378
Persistent link: https://www.econbiz.de/10011995632
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory …
Persistent link: https://www.econbiz.de/10014042997
Persistent link: https://www.econbiz.de/10010418982