In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is …

States, curbing wage inflation and returning price inflation to target may require a period of modestly higher unemployment … inflation, building on our earlier work for the United States. Globally, as in the United States, pandemic-era inflation was due … bank inflation targets. As the effects of supply shocks have subsided, tight labor markets, and the rises in nominal wages …

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

This paper explores the interrelation between the degree of unemployment persistence and the unemployment … unemployment and making unemployment less persistent, the less effective will be the growth-promoting supply-side policies (such as … training schemes) in reducing unemployment. …

description of the U.S. business cycle, and that the inflation/unemployment trade-off facing monetary policymakers is … staggered nominal wage bargaining. We find that the estimated natural rate of unemployment is consistent with the NBER … unemployment gaps are more efficient than rules responding to output or unemployment growth rates, also in the presence of …