This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated … unconditional moments of inflation dynamics better while sticky information is more successful in matching co-movement of inflation …

findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till … 2010 and strengthened thereafter. The response of inflation to the changes in the unemployment rate gap has increased in … participation in theglobal value chain have reduced the inflation response to the changes in the unemployment rate gap. …

This study examines the impact of productivity growth on the relationship between inflation and unemployment in Canada …. Recently it has been suggested that higher productivity growth is responsible for a shift in the U.S. Phillips curve that … United States, and the degree to which higher productivity growth explains this shift …

hour and total factor productivity. Using a "flat spot" identification strategy, we separately estimate the price and …

This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated … unconditional moments of inflation dynamics better while sticky information is more successful in matching co-movement of inflation …

investment can help hedge against inflation in the United States (US) and Canada. This study employed an autoregressive … against inflation in the United States and Canada. …