six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models' abilities to match empirical second … betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und … parametrizations, sticky information performs better in France while sticky prices dominate in the UK and Germany. Sticky prices match …

six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second … parametrizations, sticky information performs better in France while sticky prices dominate in the UK and Germany. Sticky prices match …This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in …

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … Taylor-rule-type interest rate law of motion. Through instrumental variables GMM system estimation with aggregate time series … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …

professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …

This paper analyses the post-pandemic inflation dynamics in Canada using a behavioral macroeconomic model of the Bank … of Canada. Two crucial behavioral assumptions in line with empirical evidence characterize the model: firms make price …-pandemic inflation can be explained by these simple heuristics and traced back to the lifting of economic restrictions in mid-2020 …

The response of US inflation to the high levels of spare capacity during the Great Recession of 2007-09 was rather … inflation, and either the closing of this gap or non-linearities in the Phillips curve could lead to a sudden pick-up in … inflation. We revisit these issues by estimating Phillips curves over 1992Q1 to 2015Q1. Our main findings suggest that a …

estimates are obtained using an extremum estimation method which is applied in the frequency domain. Such an estimator has the … most countries, and once we control for a lagged inflation term, we find that the majority of the price setters are …

form of sticky prices improves the model's performance at explaining inflation but worsens it for output. The most dramatic …