and Japan, be the main force behind employment dynamics. …

–both per hour and per worker–in the United States, the Eurozone Australia, and Japan over the post-WWII era. Results for the U … Eurozone point towards a marked deceleration since the beginning of the 1980s, with the equilibrium rate of growth of output …

Inflation targeting was adopted by several countries, including Sweden, in the 1990s. We evaluate the Swedish inflation … compared to previous regimes adopted in Sweden during the 20th century. Our approach to evaluate inflation targeting is … century of observations, inflation targeting in Sweden is a success – at least so far. …

This paper estimates the NAIRU (standing for the Non-Accelerating Inflation Rate of Unemployment) as a parameter that … varies over time. The NAIRU is the unemployment rate that is consistent with a constant rate of inflation. Its value is … determined in an econometric model in which the inflation rate depends on its own past values (‘inertia’), demand shocks proxied …

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and …