and inflation forecasts and a comparison to revised output gap estimates from policy institutions, they find that real …

relationship between inflation and real marginal cost, which is derived from micro-founded models with rational expectations …

three inflation will increase (decrease) in the next quarter and three times out of five it will increase (decrease) the …

inflation, we examine models of inflation that do and do not use the output gap. The Phillips curve, which relates inflation to … real activity, is regarded as the maintained theory of inflation. Models of inflation without the output gap include the … paper examines ten different models of inflation and estimates sixty-seven different specifications, some of which …