Recession, inflation did not decrease as much as predicted by linear Phillips curves, a phenomenon known as the missing … response of inflation to an increase in unemployment slower in the region where unemployment is already high. Nonlinearities … inflation or financial frictions. However, studying a range of specifications with different measures of inflation and economic …

We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

We examine both the degree and the structural stability of inflation persistence at different quantiles of the … conditional inflation distribution. Previous research focused exclusively on persistence at the conditional mean of the inflation … rate. As economic theory provides reasons for inflation persistence to differ across conditional quantiles, this is a …

influence of structural breaks in the mean of inflation on the level of persistence. We find strong evidence for a break in the … mean of inflation, the inflation measures generally exhibit relatively lower inflation persistence. We also analyze price …We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the …

We use cointegration tests that determine endogenously the regime shift to test for bilateral inflation rate … breaks, only for seven of the fourteen countries examined we find evidence of a long run relationship between their inflation … rates and the German inflation rate. In contrast, our innovative approach provides strong evidence in favour of such …

In this paper we propose a straightforward method to derive a non-accelerating inflation capacity utilisation rate … adjustments. The non-accelerating inflation capacity utilisation rate is then defined as the rate where a firm feels no price … as an indicator of inflationary pressure in a Phillips curve estimation. -- prices ; capacity utilisation ; NAICU …

price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …. -- Inflation gap persistence ; Trend inflation ; New Keynesian Phillips curve ; Hazard function … reduced-form Phillips curve - the positive dependence of inflation on its own lags. In this paper, I show hat it is the 4 …

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special … focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the … Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial price level and …