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  1. The missing inflation puzzle
    the role of the wage-price pass-through
    Erschienen: August 2020
    Verlag:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (27663)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 27663
    Schlagworte: Inflationsrate; Verbraucherpreisindex; Phillips-Kurve; USA
    Umfang: 50 Seiten, Illustrationen
    Bemerkung(en):

    Erscheint auch als Online-Ausgabe

  2. A Phillips curve for the euro area
    Erschienen: [2020]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which is less... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534
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    This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which is less volatile than the common measure of inflation excluding food and energy prices. We find that fluctuations in core inflation since the creation of the euro are well explained by three factors: expected inflation (as measured by surveys of forecasters); the output gap (as measured by the OECD); and the pass-through of movements in headline inflation. Our specification resolves the puzzle of a "missing disinflation" after the Great Recession, and it diminishes the puzzle of a "missing inflation" during the recent economic recovery.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289939973
    Weitere Identifier:
    hdl: 10419/228232
    Schriftenreihe: Working paper series / European Central Bank ; no 2354 (January 2020)
    Schlagworte: Phillips-Kurve; Eurozone; Inflationsrate; Inflationserwartung; Inflationstheorie
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen