indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 … ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …

results suggest that euro-area inflation forecasts have reacted less to unemployment forecasts after the start of the … better anchoring of inflation expectations and increases in structural unemployment do not seem to find support in the survey … financial crisis but another cost measure (energy inflation) remains significant. This finding is consistent with a flatter …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

time, labor markets are strongly responsive to macro uncertainty as the unemployment rate and the job separation rate rise … who, being subject to higher unemployment risk, contract consumption more in response to heightened uncertainty, and firms …

consumption and reducing activity. The response of inflation is more subdued, reflecting both diminished demand and heightened …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …

setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …