There is now a large empirical literature on the effect of the aggregate inflation rate on (i) the dispersion of prices … across goods or locations (relative price variability, or RPV) and (ii) the dispersion of inflation rates across goods or … locations (relative inflation variability, or RIV). In the early part of this literature, empirical modelling is explicitly …

developed an integral technique similar to CUSUM using an empirical model quantitatively linking the rate of inflation and … uncorrelated noise and systematic errors. Our previous model of inflation and unemployment in Canada is enhanced by the … introduction of inflation targeting as a new monetary policy in 1991 resulted in a structural break manifested in a lowered rate of …

reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

food price inflation on Pakistani poverty levels is significantly higher for rural populations as compared to urban … populations. Finally, food price inflation can lead to significant increases in Pakistani poverty levels: For Pakistan as a whole …

This paper studies the determinants of China's inflation and finds that demand-pull factors have been more important … than cost-push factors in driving the inflation in the past decade. Because China's economic growth will gradually moderate … play a more significant role in driving future inflation. Thus the Keynesian-style demand-side policy will not be enough to …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …