oil. Optimal policy fully stabilizes core inflation when wages are flexible. The nominal rate rises (falls) in response to … the demand (supply) shock. With sticky wages core inflation falls (rises) in response to the demand (supply) shock …. Impulse response functions from a VAR estimated with post-1986 U.S. data show minimal movement in core inflation in response …

allow for the degree of social agreement on income distribution and its determination, the relationship between inflation …

the accuracy of the short mn inflation measurement. We estimate that the prices collected monthly at the local leve1 …

expected inflation. The inability of the Fed to maintain a credible commitment to low interest rates in the face of increased … government spending and rising inflation led to the Fed-Treasury Accord of March 1951. Following the Accord, the external …

model does a good job of accounting for the joint behavior of labor and goods markets, as well as inflation, during the … capital played critical roles in accounting for the small size of the drop in inflation that occurred during the Great …

United States Phillips curves are routinely estimated without accounting for the shifts in mean inflation. As a result … the case. We also demonstrate that once the shifts in mean inflation are accounted for the ARCH is largely eliminated in … the estimated model and the model defining expected rate of inflation in the New Keynesian model plays no significant role …

This paper examines the short run inflation dynamics in India over the period 1996-97 to 2009-10 using quarterly data … provides a robust explanation of the dynamics of both wholesale price index (all commodities) inflation and manufacturing … sector inflation over the sample period after considering supply shocks. Specifically, the price setting agents in the …

inflation is examined within the framework of the co-integration analysis and Vector Error Correction (VECM) for the time period … central bank pulls down average inflation 18-21 %. However, according to the findings of the study in the short-term central … bank independence is not a determinant of inflation. …