Inflation dynamics in the frequency domain

• Type: Article in International Scientific Journal
• Date: 2023-08-19

Authors

Manuel M. F. Martins (Author) FEP; Fábio Verona (Author) Other

Journal

Title: Economics Letters

Vol. 231

ISSN: 0165-1765

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 0 Citations

Other information

Authenticus ID: P-00Z-03M

DOI: 10.1016/j.econlet.2023.111304

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.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 5