..., based on Eurostat data. The analysis adopts the New Keynesian Minimum Wage-Augmented Phillips Curve framework. Using an econometric framework, the model examines overall (HICP), food, and services inflation, controlling for GDP growth, unemployment, and oil prices. Findings A 1 p.p. rise in minimum...

...Moeti Damane; Imtiaz Sifat Purpose This paper sets out to investigate whether the four members of the common monetary area (CMA) regime experience similar inflation-unemployment dynamics as explained by the Phillips Curve phenomenon. Design/methodology/approach This study uses a combination...

...Dario Pontiggia Purpose The purpose of this paper is to study the optimal long-run rate of inflation in the presence of a hybrid Phillips curve, which nests a purely backward-looking Phillips curve and the purely forward-looking New Keynesian Phillips curve (NKPC) as special limiting cases...

...Fernando Nascimento Oliveira; Myrian Petrassi Purpose The purpose of this paper is to analyze empirically if financial crises have decreased potential output for a selected group of economies. Design/methodology/approach The authors estimate different country-specific stylized Phillips curves...

...A. Nazif Çatik; Christopher Martin; A. Özlem Onder Purpose Using data from Turkey, this paper seeks to investigate whether relative price changes can help to explain the Phillips Curve relationship between inflation and output. Design/methodology/approach Building on work by Ball and Mankiw...