Global inflation dynamics in the post-crisis period: What explains the puzzles?

Christian Friedrich

Economics Letters, 2016, vol. 142, issue C, 31-34

Abstract: Using a factor model, I estimate a global Phillips curve for 25 advanced countries over 1995Q1–2013Q3. I find that the inclusion of household inflation expectations in the Phillips curve helps to explain puzzling global inflation dynamics during the post-crisis period.

Keywords: Disinflation; Global Phillips curve; Household inflation expectations (search for similar items in EconPapers)
JEL-codes: E31 E5 F41 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (33)

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Related works:
Working Paper: Global Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:142:y:2016:i:c:p:31-34

DOI: 10.1016/j.econlet.2016.02.032

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