variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …

variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …

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 …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …

prices. Stringent fixed exchange rate systems have exerted downward pressure on inflation both directly and via expectations … of future inflation. Measures of excess capacity in the labour market have no effect on inflation, while industrial … output gaps have some explanatory power. Real oil price shocks have an immediate but short-lived impact on inflation …

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …-country studies, we find globalization has significantly changed some major industrialized countries' output inflation tradeoff. This …

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. …

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …-country studies, we find globalization has significantly changed some major industrialized countries’ output inflation tradeoff. This …

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …-country studies, we find globalization has significantly changed some major industrialized countries’ output inflation tradeoff. This …

Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …