inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

This paper provides empirical evidence of the role of spatial factors on the determination of inflation dynamics for a … representative set of tradable commodities in Chile. We present a simple model that explains inflation divergence across regions in a … inflation while macroeconomic common factors do not play an important role in this process. Existing literature had obtained the …

The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …

The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal … the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for …

The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal … the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for …

We estimate the New Keynesian Phillips Curve for the USA from 1997 to 2019 using expected inflation from financial … instruments. We use a spliced series comprised of the TIPS spread and inflation swaps. Empirical tests find higher coefficients on … backward-looking inflation than forward-looking, except for the 2009 – 2015 period of zero lower bound Fed Funds rate target …

Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …

The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost … growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation …. There is, however, some support in favour of the (reduced form) AWM inflation equation. It is the only model that …