The present paper uses survey data on expected consumer price developments to analyse the role of inflation … expectations in the inflation process. The survey measures of price expectations are derived from the European Commission … estimates of the New Keynesian inflation model presented here underscore the importance of inflation expectations for the short …

responsiveness of wages crucially depends on the level of inflation and the level of unemployment. This allows to detect possible … downward rigidity of wages and grease or sand effects of positive levels of inflation. -- Phillips Curve ; unemployment ; panel …This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The …

We examine the relationship between inflation and unemployment in the long run, using quarterly US data from 1952 to … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

analysize the Phillips curve hypothesis in the case of Pakistan. The estimation results confirm cointegration between inflation …

Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian Phillips curves … describe how past inflation, expected future inflation, and a measure of real marginal cost or an output gap drive the current … inflation rate. This paper studies the (potential) weak identification of these curves under GMM and traces this syndrome to a …

We explore the connection between inflation and its higher-order moments for three economies in the periphery of the … European Union (E.U.), Greece, Portugal and Spain. Motivated by a micro-founded model of inflation determination, along the … producer prices affect the path of inflation. We develop our analysis with the perspective of economic integration/inflation …

the standard difference equation (DE) form, current inflation is a function of past inflation, expected future inflation …, and real marginal costs. The alternative closed form (CF) specification explicitly solves the DE form to express inflation … as a function of past inflation and a present-discounted value of current and expected future marginal costs. The CF …

consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …