offers a consistent framework that ties together wage growth, inflation expectations and price inflation. It is used to study … the surge and persistence of inflation in the post-pandemic period in Belgium. According to the model, a sequence of … inflation in this period. Though the Belgian replication of the model predicts sensitive short-term inflation expectations to …

lagged inflation tend to destabilize output regardless of whether shocks are nominal or real …

Developing country inflation is in the headlines again. Mainstream macroeconomics typically ignores the role of … monetary sources of inflation in the presence of real wage resistance and distributional conflict. The analysis shows that the … relatively small shock leads to sustained and accelerating inflation and a wage-price spiral, thanks to conflicting claims on …

In a monetary union, divergences of inflation rates between the participating countries have direct repercussions on … their price and cost competitiveness. Bearing this in mind, the article examines the implications of inflation differentials … question is in the affirmative, the last part analyses the inflation gap with these same countries. Although broadly in line …

The particularly rapid acceleration in inflation in Belgium and the fact that it is currently outpacing inflation in … might arise concerns the extent to which that mechanism lies behind the current acceleration in inflation. A second question … the root of the current acceleration in inflation and the positive gap between Belgium and the euro area, and then …

inflation and the rate of unemployment are correlated. This paper uses a variant of the PC that is more consistent with the … pooled data. The Expectations Augmented (EA) is able to track a negative relation between inflation and unemployment better …

offers a consistent framework that ties together wage growth, inflation expectations and price inflation. It is used to study … the surge and persistence of inflation in the post-pandemic period in Belgium. According to the model, a sequence of … inflation in this period. Though the Belgian replication of the model predicts sensitive short-term inflation expectations to …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …