{"id":"https://openalex.org/W2154014142","doi":"https://doi.org/10.3386/w8218","title":"European Inflation Dynamics","display_name":"European Inflation Dynamics","publication_year":2001,"publication_date":"2001-04-01","ids":{"openalex":"https://openalex.org/W2154014142","doi":"https://doi.org/10.3386/w8218","mag":"2154014142"},"language":"en","primary_location":{"id":"doi:10.3386/w8218","doi":"https://doi.org/10.3386/w8218","is_oa":false,"landing_page_url":"https://doi.org/10.3386/w8218","pdf_url":null,"source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076507287","display_name":"Jordi Gal\u00ed Y","orcid":"https://orcid.org/0000-0003-4950-7462","observed_orcids":["https://orcid.org/0000-0003-4950-7462"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jordi Gali","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5003301823","display_name":"Mark L. Gertler","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mark Gertler","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5014487729","display_name":"J. David L\u00f3pez\u2010Salido","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"J. David Lopez-Salido","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":140,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-dynamics","display_name":"inflation dynamics","score":0.949999988079071},{"id":"https://openalex.org/keywords/sticky-prices","display_name":"price stickiness","score":0.7519999742507935},{"id":"https://openalex.org/keywords/inflation-inertia","display_name":"inflation inertia","score":0.9430000185966492},{"id":"https://openalex.org/keywords/marginal-cost","display_name":"marginal cost","score":0.7210000157356262},{"id":"https://openalex.org/keywords/labor-productivity","display_name":"labor productivity","score":0.8740000128746033},{"id":"https://openalex.org/keywords/real-wages","display_name":"real wages","score":0.9380000233650208},{"id":"https://openalex.org/keywords/wage-markups","display_name":"wage markups","score":0.9509999752044678},{"id":"https://openalex.org/keywords/labor-market-frictions","display_name":"labor market frictions","score":0.9760000109672546},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.7279999852180481},{"id":"https://openalex.org/keywords/comparison-with-united-states","display_name":"United States comparison","score":0.9459999799728394},{"id":"https://openalex.org/keywords/forward-looking-inflation","display_name":"forward-looking inflation","score":0.7699999809265137},{"id":"https://openalex.org/keywords/wage-price-spiral","display_name":"wage-price spiral","score":0.37599998712539673}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8164457082748413},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7922612428665161},{"id":"https://openalex.org/C2778774626","wikidata":"https://www.wikidata.org/wiki/Q220841","display_name":"Phillips curve","level":3,"score":0.7351483702659607},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5396677255630493},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.5225850343704224},{"id":"https://openalex.org/C2779513878","wikidata":"https://www.wikidata.org/wiki/Q631916","display_name":"Output gap","level":3,"score":0.50664883852005},{"id":"https://openalex.org/C66887028","wikidata":"https://www.wikidata.org/wiki/Q382444","display_name":"Marginal cost","level":2,"score":0.46465128660202026},{"id":"https://openalex.org/C145912823","wikidata":"https://www.wikidata.org/wiki/Q113558","display_name":"Dynamics (music)","level":2,"score":0.45745956897735596},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.44758597016334534},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.3794495761394501},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.34122270345687866},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3256411552429199},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.20046749711036682},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.09729698300361633},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3386/w8218","doi":"https://doi.org/10.3386/w8218","is_oa":false,"landing_page_url":"https://doi.org/10.3386/w8218","pdf_url":null,"source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"score":0.75,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W1543696671","https://openalex.org/W1603190715","https://openalex.org/W1974702833","https://openalex.org/W1976140283","https://openalex.org/W2090148352","https://openalex.org/W3121721370","https://openalex.org/W3122531453","https://openalex.org/W3123935426","https://openalex.org/W4247765758"],"related_works":["https://openalex.org/W2159771005","https://openalex.org/W7095997575","https://openalex.org/W1999812219","https://openalex.org/W206515397","https://openalex.org/W1521311683","https://openalex.org/W7038562111","https://openalex.org/W4241427112","https://openalex.org/W2339564752","https://openalex.org/W3121837614","https://openalex.org/W7099018170"],"abstract_inverted_index":{"We":[0,40],"provide":[1],"evidence":[2,111],"on":[3],"the":[4,7,13,17,28,38,43,50,73,81,95,102,119,135,144,147,159],"fit":[5],"of":[6,30,53,60,72,97,146,161],"New":[8],"Phillips":[9],"Curve":[10],"(NPQ":[11],"for":[12],"Euro":[14,84,120],"area":[15,85,121],"over":[16],"period":[18],"1970-1998,":[19],"and":[20,68,112],"use":[21],"it":[22],"as":[23,56,58,78,141],"a":[24,125,154],"tool":[25],"to":[26,123,151],"compare":[27],"characteristics":[29],"European":[31],"inflation":[32,46,116,166],"dynamics":[33,117],"with":[34,109],"those":[35],"observed":[36],"in":[37,107,118,134,143,157,167],"U.S.":[39,92,113],"also":[41],"analyze":[42],"factors":[44],"underlying":[45],"inertia":[47],"by":[48,101],"examining":[49],"cyclical":[51],"behavior":[52,145,160],"marginal":[54,162],"costs,":[55],"well":[57],"that":[59],"its":[61],"two":[62],"main":[63],"components,":[64],"namely,":[65],"labor":[66,138],"productivity":[67],"real":[69],"wages.":[70],"Some":[71],"findings":[74],"can":[75],"be":[76],"summarized":[77],"follows:":[79],"(a)":[80],"NPC":[82],"fits":[83],"data":[86],"very":[87],"well,":[88],"possibly":[89],"better":[90],"than":[91,133],"data,":[93],"(b)":[94],"degree":[96],"price":[98],"stickiness":[99],"implied":[100],"estimates":[103],"is":[104],"substantial,":[105],"but":[106],"line":[108],"survey":[110],"estimates,":[114],"(c)":[115],"appear":[122,150],"have":[124,152],"stronger":[126],"forward-":[127],"looking":[128],"component":[129],"(i.e.,":[130],"less":[131],"inertia)":[132],"U.S.,":[136],"(d)":[137],"market":[139],"frictions,":[140],"manifested":[142],"wage":[148],"markup,":[149],"played":[153],"key":[155],"role":[156],"shaping":[158],"costs":[163],"and,":[164],"consequently,":[165],"Europe.":[168]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}