the difference by demonstrating that, although the pass-through of marginal cost into inflation is substantial, the … advantage of a marginal cost-based Phillips curve for characterizing the transmission of supply shocks to inflation. …

Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to 'hardwire' inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the 'intrinsic' component of inflation persistence are not invariant across monetary policy …

Hard currency policy in Austria was striving for monetary stability and low inflation rates. At the same time, full … between inflation and unemployment. Causality tests suggest that for Austria the short-term relation between the real sector … and inflation could be modelled as an "inverse Phillips curve": It explains real sector developments as a function of the …

should not have exerted a significant influence on inflation dynamics. On the other hand, improvements in labour market … robots. Full Publication: "https://ssrn.com/abstract=3575884" Inflation Dynamics in Asia and the Pacific …

This paper examines some of the factors that have been influential in keeping inflation low in the United States during … role of labor costs and import prices in determining price inflation …

Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to 'hardwire' inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the 'intrinsic' component of inflation persistence are not invariant across monetary policy …

inflation. Bill, Klenow and Malin (2012) show that, while these shocks are needed to reduce the excessive inflation persistence … generated by the models, they give rise to unrealistically volatile reset price inflation. This paper shows that introducing … the data on reset inflation …

This article analyses agents’ perception of the period of low inflation in recent years, in the context of a model in … to be drawn between which portion of the low inflation phenomenon might be due to temporary factors and which might be … considered permanent. The results of the analysis for the euro area suggest that agents perceive the inflation rate’s recent …

inflation”. We start from a careful modeling of optimal price setting allowing for non-unitary factor substitution, non …-stickiness estimates than otherwise and suggests a more balanced weight of backward and forward-looking inflation expectations than … commonly found. Our results challenge existing views of inflation determinants and have important implications for modeling …