Abstract (EN):
We use a New Keynesian Phillips Curve to study the dynamics of inflation in the frequency domain. Inflation expectations dominate medium-to-long-run cycles, energy inflation dominate short cycles and also longer cycles once expectations became anchored. While statistically significant, unemployment is not economically relevant at any frequency band.& COPY; 2023 Elsevier B.V. All rights reserved.
Idioma:
Inglês
Tipo (Avaliação Docente):
Científica
Nº de páginas:
5