-systematic component of inflation modeled autoregressively, where a distortion is caused by a simple first-order bilinear process. The …

The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost … growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation …. There is, however, some support in favour of the (reduced form) AWM inflation equation. It is the only model that …

Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input … permanent shifts in the markup factor through estimating an inflation equation that includes a time-varying intercept. The model …

We analyze inflation's persistence in the 1980-2006 period for the ten largest Latin American economies using … univariate time-series techniques. Although the estimated degree of inflation persistence appears to be different across … in all countries once we permit structural breaks in the mean of inflation. The timing of these breaks coincides with …

inflation, the inclusion of the conditional volatility in the mean equation of the GARCH-in-Mean specification of the Phillips … Curve did not indicate a significant connection between higher levels of inflation attributable to volatility as found by …

This study examines the relationship between inflation and inflation uncertainty for both developed and emerging … stronger impacts on inflation uncertainty for mainly Latin American countries. We also find that inflation causes inflation …

New concepts have been presented in modelling of inflation dynamics recently, among others the new Keynesian Phillips … not describe the inflation process sufficiently and it is not a suitable model for inflation prediction or for the choice … of appropriate monetary (anti-inflation) policy. …

The aim of this paper is to analyze the forecasting performance of alternative model for the US inflation rate over the …

New concepts have been presented in modelling of inflation dynamics recently, among others the New Keynesian Phillips … be considered as effective in conditions of the Czech Republic; this model does not describe the inflation process … sufficiently and it is not a suitable model for inflation prediction or for the choice of appropriate monetary (anti-inflation …

This paper reports on research into the negative relationship between inflation and the markup. It is argued that this … relationship can be thought of as ‘long-run’ in nature which suggests that inflation has a persistent effect on the markup and …, therefore, the real wage. A ‘rule of thumb’ from the estimates indicate that a 10 percentage point increase in inflation (as …