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We examine the relationship between inflation and unemployment in the long run, using quarterly US data from 1952 to … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run. … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads …
Persistent link: https://www.econbiz.de/10010552486
Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation …, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV in the United … States during the 1980s recession was monotonically decreasing in unanticipated inflation. We suggest a reason for this …
Persistent link: https://www.econbiz.de/10010552476
factors that drive inflation volatility. Among the significant determinants of volatility are average inflation rates …
Persistent link: https://www.econbiz.de/10010611227
There is now a large empirical literature on the effect of the aggregate inflation rate on (i) the dispersion of prices … across goods or locations (relative price variability, or RPV) and (ii) the dispersion of inflation rates across goods or … locations (relative inflation variability, or RIV). In the early part of this literature, empirical modelling is explicitly …
Persistent link: https://www.econbiz.de/10010639503