-output trade-off and suggests that the ultimate effect of openness on the output-inflation relationship is influenced by a variety … and openness can interact to influence the output-inflation relationship. Next we empirically explore the nature of these …Considerable recent work has reached mixed conclusions about whether and how globalization affects the inflation …

greater central bank independence; and (3) increased openness is more likely to reduce inflation in nations with less … their collective actions influence the equilibrium inflation outcome in an environment in which the central bank engages in … initially causes inflation to increase at low degrees of wage centralization but then, as wage centralization increases, results …

, inflation, balance of payment, foreign investments, and unemployment …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff …

Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …

average forecast accuracy of models that incorporate information on inflation expectations from the ECB’s SPF and Consensus … Economics compared to their counterparts that do not. The gains in forecast accuracy from incorporating inflation expectations … countries). The analysis is undertaken for headline inflation and inflation excluding energy and food and both point and density …

innovation-accounting procedures, derived from a Structural Vector Autoregression on interest rates, inflation, and unemployment … inflation and unemployment. This suggests that the Fed has not followed a Taylor rule in any of the two periods under study … the two major determinants of the sacrifice ratio, the degree of openness has no direct effect on the sacrifice ratio. …

.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …