of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …

Keynesian model does not fit the U.S. data well; in particular, the model requires additional lags of inflation not implied by … uses a simple univariate rule for forecasting inflation …

examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms' costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …