changing nature of inflation dynamics. We estimate a series of VAR models for a set of six Asian emerging market economies, in … parts of inflation and output dynamics. The global shocks are procyclical with respect to the domestic components of …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …

This paper is focused on modern monetary theory's (MMT) treatment of inflation from an open-economy perspective. It … analyses how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …

This paper investigates the relationship between trade openness and inflation for panel data from 1970 to 2007. The … results show a negative effect of trade openness on inflation when inflation is higher but no effect when inflation is lower …. The negative relationship is stronger along with the inflation. The evidences are robust to controlling for exchange rate …