the Phillips curve over time. We consider different specifications and different measures for inflation. Furthermore, we ….S. headline inflation has remained empirically relevant over the years. …

the Phillips curve over time. We considerdifferent specifications and different measures for inflation. Furthermore, we ….S. headline inflation has remained empirically relevant over the years …

A statistically significant relationship between the unemployment gap and inflation can be found for a clear majority … slack on inflation can often be dominated by other shocks, including imported inflation. The current Secretariat Phillips … curve specification assumes inflation expectations are anchored at the central bank’s target, although some experimentation …

This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the … and price inflation in the four major economies of the euro area and across the three main sectors. The dynamic …. Our results show that it is more likely that labor costs are passed on to price inflation with demand shocks than with …

-the-job search makes such wage competition less likely, reducing expected labor costs and lowering inflation. This model explains why … inflation has remained subdued over the last decade, which is a conundrum for general equilibrium models and Phillips curves …

the tradeable sector. They also suggest that the sales destination matters: wage growth contributes to domestic inflation … for goods but not to export inflation. Finally, we also provide evidence of an increase in the wage-price pass …

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 …

This paper estimates the effects of oil price changes on U.S. inflation in a Phillips curve framework, allowing for … of oil price shocks. It finds that since around 1980, oil price changes seem to affect inflation only through their … substantially to core inflation. This structural-break characterization appears robust to a variety of respecifications, and to fit …

This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …