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 …

Recent work on U.S. data calls into question the ability of simple Phillips curvemodels to forecast inflation. This …

inflation. We find that these forecasts do not contain the intended information.Rather, they either have no information content …

bestimmten Voraussetzungen sogar zu einem Anstieg der Inflationsrate in den G7 Ländern führen kann. Die aufgezeigten Ergebnisse … examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms’ costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …

looking pricing account for the observed persistence in aggregate inflation. Second, price-setting responds to movements in … marginal costs, which should therefore be the driving force to observed inflation dynamics. This is not always the case in … conditions under which imposing homogeneity results in overestimating a backward-looking component in (aggregate) inflation, and …

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 …