We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …

monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of … features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … suggests that the switch to a monetary union is likely to make labor uur unions more aggressive, increasing unemployment …

, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of … by governments concerned with the costs of inflation and unemployment, as well as with redistribution to particular … changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional …

We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … dynamics of inflation. We combine this model with the `exchange-rate-regime' model of inflation and examine the experience of … the United Kingdom. Outside the fixed exchange rate regime of Bretton Woods, persistently high inflation can be attributed …

) triggers two opposite effects on real wages, unemployment and inflation. The decrease in the number of unions reduces the … competition effect’ raises real wages, unemployment and inflation. But the decrease in the number of unions also strengthens the …, unemployment and inflation. The interaction between those two effects produces a Calmfors-Driffill type relation between real wages …

Central banks throughout the world predict inflation with new-Keynesian models where, after a shock, the unemployment …

natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …

has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment … (which does little to restrain inflation). …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …