growth regime. Since the great financial crisis inflation developments have posed major puzzles to economists as inflation … paper analyses whether the wage-price pass-through may have contributed to these inflation puzzles. Applying the Threshold … or diminish the puzzle of the missing disinflation of the past two recessions suggesting that inflation should be …

regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When … core. An empirical analysis confirms that the periphery's higher structural wage inflation rate contributed to its lower …