The link between US labor cost and price inflation has weakened notably over the past three decades. In this paper we … economy of late: (i) improved anchoring of inflation expectations; (ii) the changing constellation of shocks hitting the … economy; (iii) increased trade integration and (iv) rising firm market power. We find that the improved anchoring of inflation …

Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation, strong long-run comovement between RPV and Inflation is found for both economies, that extends to the short run …

This paper presents new evidence that a positive association exists between inflation and relative prices and relative … inflation rates in very disaggregated data for the United States over the period 1975 through 1992. There is also evidence that … the response of relative prices and relative inflation rates to inflation varies inversely with the information content of …

variables, should not affect agents ́expectations of inflation in the long term. Our estimated structural VARs show that both … long- and short-term inflation expectations are sensible to policy-related uncertainty shocks. A rise of long …-term inflation expectations in times of economic contraction, in response to such shocks, suggests that heightened policy uncertainty …

Much empirical evidence suggests that wage increases do not lead to inflation. This paper demonstrates that a 2-sector … an increased wage-markup on the inflation rate in both the goods sector and the service sector. The mechanisms we …

theoretical predictions and simulations are corroborated when forecasting aggregate US inflation pre- and post 1984 using …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …Während die Langfristbeziehung zwischen Geld und Inflation in der Literatur als weitgehend gesichert gilt, ist …