exhibit persistence in inflation; they proposed a simple modification, in which workers cared about the real wages of other …), generates negative autocorrelations in inflation. …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

I’ve been writing about inflation for the better part of three months. It’s been exhausting. Most of my time has been … about inflation is not the fact that prices rise. What matters is that prices rise at different rates. In other words …, inflation creates winners and losers — it redistributes income. In this post, I’ll dive into the redistribution dynamics between …

In a recent paper, Atkeson and Kehoe (2004) demonstrated the lack of a robust empirical relationship between inflation … relationship by allowing for inflation and growth to have a nonlinear specification dependent on inflation levels. In particular …, we allow for the possibility that high inflation is negatively correlated with growth, while a positive relationship …

We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct … of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …

Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation … pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from …-structural model to decompose the contributions of various shocks to inflation. Our main findings are (1) supply factors (mainly global …

literature, cannot explain the persistence observed in actual inflation. We argue that one of the more prominent alternative … generates inflation persistence, but this is a consequence of their assuming that workers care about the past real wages of … obtains the standard formulation with no inflation persistence …