Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below … by means of sign restrictions, to inflation and economic activity. Shocks to oil supply do not tell the full story about … contractionary. A country analysis confirms that the negative effects of oil supply and monetary policy shocks on inflation was …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

importance of modelling a system that includes the forcing variables as well as the rate of inflation is emphasized. We also …

of U.S. inflation and marginal cost turns out superior to the best-fitting conventional causal VAR model in forecasting … inflation …

In this paper, I apply univariate and vector autoregressive (VAR) models to forecast inflation in Vietnam. To … properties of inflation in Vietnam. Then, I compute the pseudo out-of-sample root mean square error (RMSE) as a measure of … forecasting models from among the different candidates. I find that VAR_m2 is the best monthly model to forecast inflation in …

leader. We estimate a model of wage formation in manufacturing and in two other sectors. Deciding cointegration rank is an … cointegration analysis provides evidence that collective wage negotiations in manufacturing have defined wage norms for the rest of …

The New Keynesian Phillips curve (NKPC) asserts that inflation depends on expectations of real marginal costs, but … empirical research has shown that purely forward-looking versions of the model generate too little inflation persistence. In … this paper, we offer a resolution of the persistence problem. We hypothesize that inflation is highly persistent because of …

imposing rational expectations, direct measures, ie OECD forecasts, are used to proxy economic agents' inflation expectations … Classical and Hybrid Phillips curves. We interpret our results as indicating that the European inflation process is not purely … forwardlooking, so that inflation cannot instantaneously adjust to new information. Consequently, even allowing for possible non …