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 …

We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the coefficient in the Phillips curve on the …

Inflation is a monetary policy outcome, but in the short to medium term, price and wage decisions are co-determined by …, deliberately simplified messages, most of the public tends to access inflation-related information through the media. In this paper …, we examine South African newspaper articles to identify how inflation is presented in the media and the role of the media …

inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …

good inflation. In addition, the Ramsey optimal monetary policy can be approximated reasonably well with a Taylor …-type interest rate rule with weights on both inflation rates and output. -- Inflation and Output Persistence ; Monetary Policy …

on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We … that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to …

We develop a theoretical model that features a business cycle-dependent relation between output, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the co-efficient in the Phillips curve on the …

structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper … empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how … oil price shocks feed through to core and headline inflation; calculating the impact of increased imports from low …

How does competition affect information acquisition of firms and thus the response of inflation and output to monetary … uncertainty about inflation as a non-targeted moment …