inflation model, when used to explain inflation persistence. Indeed, virtually all inflationary dynamics end up being captured … model (i.e. lagged inflation) and that the SPI model overemphasizes inflationary persistence. Thus, there appears to be room …" inflation persistence …

A linear and lagged relationship between inflation, unemployment and labor force change rate, ?(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …

Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models … relation between macroeconomic and population variables, to a practical one - an accurate out-of-sample inflation forecasting …

Inflation in the USA for the period between 1960 and 2004 is studied in the framework of evident rigidity of personal … income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which counters changes in the … linking the measured inflation (consumer price index or GDP deflator), unemployment and change in labor force. During the last …

Our paper analyzes the effects of restrictions on capital mobility on the output-inflation trade-off. Using a … capital mobility should make the trade-off parameter smaller; that is, a given change in the inflation rate should be … output-inflation trade-off parameter are obtained from studies by Lucas (1973), Ball, Mankiw and Romer (1988) and others …

inability to generate inflation persistence. This paper finds that staggered Taylor contracts are, in fact, capable of … reproducing the inflation persistence implied by U.S. data. Following Fuhrer and Moore, I capture the moments that the contract … specification needs to replicate by using the correlograms from a small vector autoregression (VAR) that includes inflation among …

Since 2000 U.S. inflation has remained both below target and silent to domestic slack and monetary interventions. A … inflation. The trend analysis shows that, starting from the `90s, despite very well-anchored expectations, slow-moving imported … "cost-push" factors induced deflationary pressure keeping trend inflation below target. The cycle block provides evidence in …

Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical …. Empirical estimates of the Phillips curve during the low-inflation period confirm previous findings of a relatively flat but … setting, changes in trend inflation above 5-6% would have significant effects on the euro area Phillips curve. Similarly …

Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical …. Empirical estimates of the Phillips curve during the low-inflation period confirm previous findings of a relatively flat but … setting, changes in trend inflation above 5-6% would have significant effects on the euro area Phillips curve. Similarly …