some services. We also document a decrease in sectoral inflation persistence, suggesting an increase in the weight of the … forward-looking inflation expectation component and a decrease in the weight of the backward-looking component …

-industry-specific Phillips curves for each decade by relating the growth rate of output prices to lagged inflation and an employment gap. We then … represent the sensitivity of inflation to economic slack. We measure globalization by increases in trade and financial …

Not being doubtful of the fact that Inflation is one of the most important macroeconomic indicators assessing the … economic well-being of a nation, this paper seeks to develop a model to forecastmonthly inflation for Liberia using Time Series … Econometric tools and concepts. The paper used a monthly data on inflation from January 2005 through May 2018. Part of the data …

Ever since the end of the Great Recession, the U.S. economy has experienced a period of mild inflation, which … contradicts with the output-inflation relationship depicted by a traditional Phillips curve. This paper examines how the permanent … output loss during the Great Recession has affected the ability of the Phillips curve to explain U.S. inflation dynamics. We …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …

The New Keynesian Phillips Curve (NKPC), driven by unit labor costs has been criticized for failing to match inflation … inflation and strengthen the empirical support for the role of expectations-based inflation persistence. They also imply a …

The canonical New Keynesian model specifies inflation …

implications of variable labor force participation rates for inflation and establish the following result: if endogenous movements … dynamics. Indeed, during recessions, the upward pressures on inflation stemming from the lack of a downward adjustment in real …

We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to … distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among … others. We find that structures in which large (more productive) firms predominate tend to deliver more muted inflation …