ideas. The coroner's evidence consists of the small standard deviation of the core inflation rate in the past two decades … despite substantial volatility of the unemployment rate, and in particular the common tendency of PC inflation equations to … predict ever greater amounts of negative inflation (i.e., deflation) over the years of labor-market slack since 2008 …

real GDP, of the output gap, and of the inflation rate … inflation rate, the nominal Federal Funds rate, and the change in the output gap. The development and analysis of the model goes … the effect of shocks between a specific set of supply shock variables in the model's inflation equation, and the error …