Missing disinflation and missing inflation

Elena Bobeica and Marek Jarociński

Research Bulletin, 2017, vol. 30

Abstract: Recent inflation “puzzles” disappear in a model that properly accounts for domestic and global factors and captures their changing importance over time. While global factors are often important, domestic factors explain much of the inflation dynamics in the recent missing inflation episode in the euro area. JEL Classification: E31, E32, F44

Keywords: Autoregression; Bayesian Vector; Conditional Forecast; Inflation Dynamics; International Transmission of Shocks; Phillips curve; Shock Identification (search for similar items in EconPapers)
Date: 2017-01
Note: 2382002
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Citations: View citations in EconPapers (41)

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