In this paper we test whether globalisation has affected the relationship between the output gap and inflation in the euro area. Then we investigate how the traditional Phillips Curve relating the inflation and the domestic output gap can be enhanced incorporating globalisation effects. We...

We discuss here a method for identifying relationships between high-frequency and lowfrequency data based on a dynamic regression technique. This allows users to estimate a quarterly analogue to an underlying monthly regression equation. The resulting equation which may be non-linear in the...