A large output gap accompanied by stable inflation close to its target calls for further monetary accommodation, but …

of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …

Economists and policymakers believe that households’ and firms’ expectations of future inflation are key determinants … mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations … pandemic, the positive impact of oil price shock on U.S. inflation expectations has enhanced, whereas the positive impact on …

unemployment rate of the magnitude of the Great Recession reduces the average, annual age-adjusted mortality rate by 2.3 percent …

of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …

monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …

qualitative and quantitative information on subsequent inflation. The usefulness of monetary analysis is contrasted to weaknesses … in modeling monetary policy and inflation with respectively short-term interest rates and real activity measures. The … analysis sheds light on the recent change in inflation volatility and persistence as well as on the Phillips curve flattening …