to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … 1975 and 1980 after the first (or the second) oil price shock in autumn 1973. During the disin°ation period, inflation and … their favour and the Central Bank fighting against inflation. Since the wage and price setters did not fully believe in an …

hyperbolic discounting leads to inflation having significant long-run effects on real variables. …

Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …

A growing body of empirical evidence shows that there exists a long-run positive tradeoff between inflation and real … between inflation and output. …