I develop a structural model of inflation by combining two different models of price setting behavior: the sticky price … resultant SP/SI Phillips curve models inflation better than either the sticky price or sticky information models. The results …

This paper proposes a dynamic stochastic general equilibrium model that endogenously generates inflation persistence … contrast with traditional sticky price models, the framework yields inflation inertia, delayed effect of monetary policy shocks … on inflation, and the observed "reverse dynamic" correlation between inflation and economic activity. …

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is …

aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived … additional information in monetary aggregates -M1A and M2A- to predict inflation that were not contained in lags of output gap. …

One of the key drivers for the policy makers is the tie-up between price inflation and unemployment. In relevance to … the economic theories in yester years, Phillips Curve has witnessed negative relationship between inflation and … unemployment in many economies. This has an implication that if government seeks to reduce the unemployment then the inflation goes …

threshold levels of inflation and capacity utilization that erode price rigidity. Our results reinforce the existence of … downward price rigidity in Japan, helping to explain the puzzle of gradual deflation. In opposition, downward price flexibility …

Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … Auswirkungen bei sehr niedriger Inflation nicht zu vernachlässigen sind. Die Ergebnisse dieser Literatur sollten daher bei der … presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by hindering real wage …

This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment that may account for a changing pattern in the unemployment inflation tradeoff. Moreover, it analyzes whether the …

This paper investigated the determinants of inflation in the Egyptian economy. Using annual data, covering the period … (1991-2012), a Vector Auto Regression Model (VAR) was estimated. The results of the empirical model confirmed that inflation …, exchange rate depreciation, and world food prices. Also, expectations seemed to play an important role as inflation rate …

the countries in the region. Fourth, the estimated output gaps did not have any explanatory power on domestic inflation …