inflation to rise in the short term. Our results also suggest that the effects on aggregate supply have grown stronger in recent …

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 …

financial conditions have some inflation forecasting ability over the monetary policy relevant two to three-year horizon during …

gap and inflation for the Turkish economy using data from 2002:01 to 2021:09. First, it analyses the cointegration by …. The results also show asymmetric causality running from positive (negative) output gap to positive (negative) inflation … shock, and running from negative inflation shock to negative output gap shock. The overall findings indicate the importance …

In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … inflation in individual countries of the European Union. To find the determinants of inflation, we employ the Granger causality … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other …

, to assess the Phillips curve's ability to explain inflation dynamics over a wide variety of circumstances, over the 150 … years of the country's history. In Italy, the relation linking inflation with the cyclical situation in the economy emerged …

'natural rates' of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production …