inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …. The implication is that reduced inflation volatility (holding trend inflation constant) helps stabilize the business cycle …

of this analysis is that the model overestimates output persistence in high inflation countries and underestimates output … persistence in low inflation countries. This has important implications not only for this model, but also for any economist …

All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to …

coordinated wage bargaining systems have a dampening impact on inflation volatility. …In this paper we analyze empirically how labor market institutions influence business cycle volatility in a sample of … protection legislation appear to play a limited role for output volatility. We also find some evidence suggesting that highly …

panel of business surveys of German retail firms over the period 1970-2010. The dataset contains firm-specific information …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the … fraction of price adjustment (extensive margin) is important for aggregate inflation dynamics. Moreover, at the business cycle …

and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

hypothesis, and study the relative merits of changes in structure and shocks for reproducing the conquest of the Great Inflation …

inflation-unemployment trade-off we account for a time-varying inflation trend to control for the part of inflation that is not … affected by the cyclical component of unemployment. In addition we use shifts in the relative volatility of shocks to … unemployment and inflation to address the simultaneity problem in Phillips curve estimations. Applying the method of Rigobon and …

demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial … production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times. …