to model and shock misperceptions, and parameter uncertainty. Targeting inflation in both consumer and intermediate goods …

expected inflation. The inability of the Fed to maintain a credible commitment to low interest rates in the face of increased … government spending and rising inflation led to the Fed-Treasury Accord of March 1951. Following the Accord, the external …

-immune Taylor rule based on economic theory can avoid indeterminacy even at high levels of trend inflation such as those observed in … trend inflation during Volcker's mandate was a key factor behind the Great Moderation. We revisit this finding with an … estimated New-Keynesian model with trend inflation and no indexation based on Christiano, Eichenbaum and Evans (2005). First …

In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately … variation, can discriminate the independent influences of short-and long-term unemployment on price inflation. We present a …-term unemployment exert equal downward pressure on price inflation. …

This study examines the impact of productivity growth on the relationship between inflation and unemployment in Canada …