more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

purchases, affect inflation. The effect of large-scale asset purchases on inflation is found to be much smaller than the other …

the inflation rate lower than either of the authorities would want. It explains indeed why Central Bank independence can … construction of this model was based on the existence of a Phillips-type relationship between the inflation rate and the … unemployment rate, which has lost its relevance in the contemporary economy. Today, the prospect of a rise in the inflation rate …

quantification and implication of the degree of misalignment of the exchange rate on economic growth. Little research has, however …, been interested by the impact of the degree of misalignment on economic growth and the role of the policy mix in the … analyse the effect of misalignment on economic growth and the role of Policy mix in external stability. Our results suggest …

announcements by the fiscal and monetary authorities can lead to high inflation and large output losses. The policy trade-off can be …

announcements by the fiscal and monetary authorities can lead to high inflation and large output losses. The policy trade-off can be …