' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

only provides an insubstantial depiction of Turkish inflation from 2005 to 2009. On the contrary, the conventional and … hybrid NKPC are both found to be valid descriptions of the inflation process in Turkey …

.I derive a generalized NKPC in an optinizing model with the non- constant hazard function and trend inflation. Memory emerges … in the resulting Phillips curve through the presence of lagged inflation and lagged expectations. It nests the Calvo NKPC …-hazard assumption. Furthermore, I find lagged inflation always has negative coefficients, thereby making it impossible to interpret …

Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …

A regime shift towards increased inflation expectations is credited with jumpstarting the recovery from the Great … Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … expectations play at the start of this remarkable economic upturn? To answer this question, we study inflation expectations in …

The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several … economists and policy makers have given to it names such as "profit-led inflation" or "sellers' inflation." The present paper … discusses the extent to which profit-led inflation, as an explanation for the recent surge in inflation, is compatible with what …