Focal Interest
Focal Interest

Phillips curve

  1. Monetary policy effects and inflation expectations have shifted over time
    Machine learning analysis reveals strengthened monetary policy transmission but flattened Phillips curve dynamics, with regime-dependent behavior during post-pandemic inflation.
  2. Two inflation regimes detected in WAEMU
    Advanced cyclical turning point indicators for inflation in WAEMU using regime-switching models reveal that external factors like oil prices and imported inflation, beyond central bank control.