autoregressive model for the inflation rate. By construction, our approach avoids a number of problems related to the GMM estimation … of the NKPC. We estimate the hybrid NKPC with quarterly U.S. data (1955:1–2010:3), and both expected future inflation and … lagged inflation are found important in determining the inflation rate, with the former clearly dominating. Moreover …

Relying on the backward-looking Phillips curve, we estimate the level of inflation that erodes price rigidity and … varying threshold inflation levels. Studying six advanced countries over the 1970-2012 period, our results show that both the … slope of the Phillips curve and the threshold trend inflation that erodes price rigidity are time varying. These …

Relying on the backward-looking Phillips curve; we estimate the level of inflation that erodes price rigidity and … varying threshold inflation levels. Studying six advanced countries over the 1970-2012 period; our results show that both the … slope of the Phillips curve and the threshold; trend inflation that erodes price rigidity are time varying. These …

We analyze cross-household inflation dispersion in Europe using “fictitious” monthly inflation rates for several … to 2008. Our analysis is carried out on a panel of 23 up to 27 household-specific inflation rates per country for 15 … cross-country differences in inflation inequality with respect to the number of driving forces in the panel. In particular …

This paper develops a factor model for forecasting inflation in the euro area. The model can handle variables with … walk forecasts, a hard to beat benchmark for euro area inflation forecasts in recent years, at horizons of and beyond nine … current and future euro area inflation from new data releases. …

inflation. In terms of the sticky information theory, this environment may provide few incentives for agents to update … information on inflation and then a new slope of the sticky information Phillips curve should be observed. We estimate the degree … threshold models we identify regimes of high and low inflation and find that each regime is associated with a specific degree of …

This paper is a first attempt to measure and analyze inflation uncertainty in Pakistan. It makes several contributions … to the literature. In the first stage, using quarterly data from 1976:01 to 2008:02, we model inflation uncertainty as a … time varying process using the GARCH framework. In the second stage, we analyze the asymmetric behavior of inflation …

in ERPT to CPI inflation for the Finnish economy. Within a logistic smooth transition framework, our investigations …

on economic indicators. The Two channels which oil price changes directly or indirectly affect inflation as the most … present paper attempts to investigate the nature and causes of oil price pass-through into inflation in the short …/3. The findings showed that the oil price pass-through into inflation in both short-and-long term were Positive and …