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economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the first unemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips … careful reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation …
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analyze China’s role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation … exposure help explaining crosscountry differences in price responses. -- Global inflation ; China ; international business …
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of monetary policy, for example, and some central banks also use inflation forecasts as intermediate targets. For the …
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Die Beobachtung, Analyse und Prognose der Inflationsentwicklung ist nicht nur für Institutionen mit geldpolitischen Aufgaben, sondern für alle Wirtschaftsteilnehmer von besonderem Interesse. So haben fast alle Zentralbanken ein Preisziel als Endziel der Geldpolitik vorgegeben und einige...
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This paper explores the influence of inflation on economic growth. In order to match the empirical stylized fact of a … threshold level of inflation, beyond which inflation ceases to have a positive impact on growth and begins to harm it, we … mimic the stylized fact of a hump shaped relationship between inflation and economic growth. …
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