A key challenge for monetary policymakers is to predict where inflation is headed. One promising approach involves modifying a typical Phillips curve predictive regression to include an interaction ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper analyzes whether structural changes in the aftermath of the pandemic have steepened the Phillips curves in ...

The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The paper develops a methodology based on the production-function approach to estimate potential output of the Polish ...