number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for … are negligible. Estimates of "core inflation" based on historical realizations of the shocks suggest that a major … component of inflation has been demand driven, "core" inflation. Finally, policy implications of these findings regarding EU …

This paper looks at the implications of heterogeneous beliefs for inflation dynamics. Following a monetary policy shock …, inflation peaks after output, is inertial, and can be characterized by a Hybrid Phillips Curve. It presents a novel channel … through which systematic monetary policy can affect the degree of inflation persistence. It does so by altering the effective …

in the economic growth and inflation of each actual and potential GCC members. It finally analyzes the similarities in … economic growth and inflation among GCC countries after controlling for different global and country-specific shocks. The … results suggest that the overall CPI inflation rates of Kuwait, Oman, Saudi Arabia and Jordan are highly and positively …

.S. price level and inflation are much more responsive to aggregate technology shocks than to monetary policy shocks. The model … affect the incentives faced by firms in allocating attention. A policy rate responding more actively to expected inflation …

account the changes that occurred in relative price movements between the pre-inflation targeting (ie 1994–2001) and inflation … their distribution are positively related to movements in short-run inflation. Moreover, price adjustments are observed to … be asymmetric, which can have significant effects on short-run inflation. Full Publication: "https …

This paper looks at the implications of heterogeneous beliefs for inflation dynamics. Following a monetary policy shock …, inflation peaks after output, is inertial, and can be characterized by a Hybrid Phillips Curve. It presents a novel channel … through which systematic monetary policy can affect the degree of inflation persistence. It does so by altering the effective …

and the short run equilibrium require a departure from zero inflation rate; (ii) in response to a markup shock, fiscal …