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 …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than … anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 … find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s but has …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …

-run trade-offs between output and inflation: lower trend inflation flattens the Phillips curve and decreases steady-state output … by increasing markups. We show that the aggregator reduces both the steady-state welfare cost of higher trend inflation … and the inflation-related weight in a model-based welfare function for higher trend inflation. Consequently, optimal trend …

monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … FAVAR model shows the existence of weak "liquidity puzzle" in India. The impulse responses from the FAVAR approach reveal … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …

A large literature has established that the Fed's change from a passive to an active policy response to inflation led … to U.S. macroeconomic stability after the Great Inflation of the 1970s. This paper revisits the literature's view by … confirm the literature's view. Our estimated model shows an active policy response to inflation even during the Great …

switches that either affect the inflation target or the response to inflation deviations from target lead to different … determinacy regions and different output, inflation, and interest rate distributions. With regime switching, the standard Taylor … determinacy. Switching inflation targets primarily affects the economy 's level, whereas switching inflation responses affects the …

an active response to inflation led to U.S. macro-economic stability after the Great Inflation of the 1970s. We revisit … this view by estimating a staggered price model with trend inflation using a Bayesian method that allows for equilibrium … demonstrates an active response to inflation even in the Great Inflation era, during which the U.S. economy was likely in the …