We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows …

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 …

that achieved stable and low inflation and the regulations encouraging domestic currency deposits. We analyze traditional …

inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth. …

. The firm’s optimal adjustment strategy may involve stockouts. At low inflation rates, output is inversely related to the … inflation rate, and the length of time demand is satisfied decreases with the absolute value of the demand elasticity, the …

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