The paper provides a unified analysis of globalization effects on the inflation-output tradeoff and monetary policy, in … tend to flatten the tradeoff between inflation and activity. Second, these globalization forces lead monetary policy to be … more aggressive with regard to inflation fluctuations but, at the same time, more benign with respect to the output …

of trade of securities, central banks may choose to commit to costly inflation in favourable states of nature. In …

This paper aims to investigate whether the effect of inflation expectations, exchange rate, money supply, industrial … production and import prices on inflation depends on business cycle. For this purpose, a two states Markov Switching Auto … Regression model with time varying transition probabilities to a generic inflation model is implemented for the period 2003 …

level and variability of the inflation rate using annual industry data from the period 1958-1990. In addition, it is … formulated. JEL Classification: B2, C5, D4, E3. Keywords: Market Power, Inflation, Business Cycles, New Keynesian Economics. …

. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very close to … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies … develops a new method for looking at the composition of inflation and illustrating how relative price dynamics interact with …

The paper aims to investigate whether the effect of the backward-looking inflation expectations, nominal effective … exchange rate, money supply, gross domestic product and import prices on inflation depends on business cycle. For this purpose …, a two states Markov Switching Auto Regression model with time varying transition probabilities to a generic inflation …

The paper aims to investigate whether the effect of the backward-looking inflation expectations, nominal effective … exchange rate, money supply, gross domestic product and import prices on inflation depends on business cycle. For this purpose …, a two states Markov Switching Auto Regression model with time varying transition probabilities to a generic inflation …

The paper aims to investigate whether the effect of the backward-looking inflation expectations, nominal effective … exchange rate, money supply, gross domestic product and import prices on inflation depends on business cycle. For this purpose …, a two states Markov Switching Auto Regression model with time varying transition probabilities to a generic inflation …