Ever since the end of the Great Recession, the U.S. economy has experienced a period of mild inflation, which … contradicts with the output-inflation relationship depicted by a traditional Phillips curve. This paper examines how the permanent … output loss during the Great Recession has affected the ability of the Phillips curve to explain U.S. inflation dynamics. We …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …

This paper examines the concept of inflation persistence in macroeconomic theory. It begins with a definition of …-information" models, learning models, and so-called "trend inflation models," providing some new results throughout …

In the paper we have investigated to what extent the behaviour of CPI inflation depends on changes in domestic economic … price indices respond to exchange rate movements and/or foreign inflation. The impact of exchange rate is most substantial …

We study how domestic and global output gaps affect CPI inflation. We use a New-Keynesian Phillips curve framework …1-2017Q4 period. We find broadly that both global and domestic output gaps are significant drivers of inflation both in … output gaps on inflation. …

In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … inflation in individual countries of the European Union. To find the determinants of inflation, we employ the Granger causality … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other …

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the … obtained for other economies in the region were inflation was kept under control. I find that there are some country specific … patterns in Argentina that can explain the high inflation observed during the analyzed years. First of all, Argentinean …

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the … I obtained for other economies in the region were inflation was kept under control. I find that there are some country … specific patterns in Argentina that can explain the high inflation observed during the analyzed years. First of all …