Inflation rates in a number of OECD follow a common trend over the past four decades: inflation starts out low in the … in the behavior of trend inflation suggests that any explanation of long run inflation trends ought to apply across OECD …-varying NAIRU, can explain long run trends in U.S. inflation. In this paper we show that this result cannot serve as an explanation …

current inflation and output, in the context of an optimizingmodel with nominal-price stickiness. Under a commitment regime …

two-way communication between the central bankand the public affects inflation dynamics. When inflation target is … hence the bank can stabilize inflation. However, when inflation targetis unobservable or less credible, the public updates … their perceived inflation target and theinformation revealed from markets to the bank becomes less perfect. The degree of …

result is that the model is able to generatepersistent responses in output, inflation, and total labor input to both …

This paper investigates the relationship between inflation uncertainty and the investmentdecisions of small, micro ……finance-funded …firms in the Dominican Republic. An extensive literature documents the array of opposing factors linking inflation … other forms of systemicrisk and aggregate economic activity, suggesting inflation uncertainty creates potentially …

resulting Phillips curveinvolves lagged inflation and lagged expectations. It nests the Calvo NKPC as a limitingcase in the … inflation always has negative coe¢ cients, therebymaking it impossible to interpret inflation persistence as intrinsic. The … shocks, and output leads inflation. …

are clearly present and explain around 24% of inflation differentials vis-à-vis the euro area (about 1.2 percentage points … total domestic inflation... …

we examine the twelve potential intertemporal relationships between inflation,growth and their respective uncertainties … nominaluncertainty. Output growth boosts inflation but mainly indirectly through areduction in real uncertainty. Our findings highlight … inflation and growth works to a large extend indirectly via theuncertainty channel.[...] …

find that inflation uncertainty effects output variability positively,while output variability has a negative effect on … inflation uncertainty.[...] …