Empirical determinants of inflation

This dissertation discusses and analyzes recent issues in the empirics of inflation dynamics. Three different aspects of the New Keynesian Phillips curve (NKPC) are covered in this volume. In the first chapter, the empirical relevance of the NKPC is investigated for the German economy. The second chapter is devoted to analyzing a recently proposed extension of the NKPC: the cost channel. In Chapter 3, a direct measure of inflation expectations obtained and computed from a qualitative business survey is tested for its ability to forecast future inflation rates.