Since 1979 productivity growth in Britain has improved markedly compared with Europe. The turnaround in productivity … has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … (which does little to restrain inflation). …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

productivity for the differences in regional inflation under a common currency. Comparisons are made with regional productivity …While overall inflation has fallen dramatically in countries like Italy and Spain, inflation in the home good sector … remains stubbornly higher than inflation in the traded good sector. If nominal exchange rates are fixed, these real …

This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity …

consumption and debt depress growth prospects and boost inflation, as long as a positive birth rate ensures that future taxes are … inflation even more. Money-financed increases in government consumption depress growth less but increase inflation by more …. Giving subsidies through an increase in monetary growth is non-neutral, since this increases real growth and thus inflation …