The paper integrates the two-pillar Phillips curve, which explains expected inflation by the money growth trend, within … distinguished from which one derives inflation expectations from money growth trend figures whereas the other builds rational … expectations by way of learning. The inspection of output and inflation variances show that a policy of reacting to excess money …

Although the average inflation rate of developed countries in the postwar period has been greater than zero, much of … the extensive literature on monetary policy has employed models that assume zero steady-state inflation. In comparing four … omitting trend inflation, that is, positive steady-state inflation. We compare certain population characteristics and the IRFs …

monthly observations of the chosen macroeconomic variables. The outcomes of the cointegration analysis illuminate a robust and … the cointegration test affirm a lasting nexus between stock returns and crucial economic indicators, namely Gross Domestic …, government policies, exchange rates, and inflation. These findings provide valuable insights into the interplay between the stock …

inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after …

breaks, the study finds evidence of a cointegration relation between the government revenues and spending. The results did …

-based indicators are highly correlated with official inflation data and estimates of the output gap and improve the accuracy of … inflation forecasts. This suggests that these indicators could help central banks foresee inflationary pressures in the economy …