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 …

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 …

%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of their price … adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates. However, we find … little evidence that the amount by which they change the price responds to the inflation rate. …

from disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation … inflation rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that …