inflation generating process. This research strategy allows to conclude that inflation is characterized by a low degree of …

This paper examines the relationship between cyclical output and inflation in models commonly used for monetary policy … finding is that these models imply a strong negative relationship between inflation and output, a result that is at odds with …

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation …

inflation dynamics in open economies, but previous studies have not made a distinction between fixed and floating exchange rate … driving output and inflation (the underlying theory requires that monetary shocks dominate). We calculate new measures of the …

This paper focuses on modeling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products (NFMP) inflation vis-a-vis headline wholesale price inflation; moreover, NFMP inflation is found to be more …

We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire … 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and … equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation …

model of the relationship between inflation and the level of real economic activity over the 1949-1998 period and find no … scala mobile, the rigid indexation mechanism aimed at protecting wages from inflation contributed to the persistent … inflation bias that Italy experienced almost until its entry into the EMU. …

We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire … 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and … equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation …

level and the dynamics of inflation. I compare the model's predictions with those of a perfectly competitive, flexible price … rigidity delivers an extremely close approximation both of the price/unit labor cost ratio and of the inflation series, even …