. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …

; and, when prices and wages are not reoptimized, they can be partially adjusted to previous-period aggregate inflation. The … joint dynamics of inflation and labor share. This function summarizes the cross-equation restrictions between the model and …

This paper provides an empirical investigation into the determinants and stability of the aggregate wage inflation … Phillips curve model that links wage growth to its past values as well as to the unemployment rate, price inflation, labor … that any recent shift in the inflation-unemployment relationship reflects developments outside the labor market. …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …

setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …

The paper analyses the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …