model. This model has a clear dynamic interpretation. Further, the method does not require iterative estimation techniques …

We develop non-parametric instrumental variable estimation and inferential theory for econometric models with possibly …

authorities tried to deliver a low and stable inflation from 1975 onwards, however, the severe adverse supply shocks in the 70s …

We review the main New Keynesian inflation equations that have arisen as a result of aggregation from individual firms …' price rigidities. We find that, on the whole, they cannot account for inflation persistence, a key feature of the empirical … dynamics of inflation, and with important policy implications. The only exception seems to be when price stickiness is combined …