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 …

A labor matching model with nominal rigidities can match short-run movements in labor’s share with some success …. Productivity shocks can account for some of the pattern in labor’s share and in employment between the late 1960s and the early … 1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in …- lation between inflation and unemployment can be shown to exist. We restrict our study to the four largest countries of the … 1975 and 1980 after the first (or the second) oil price shock in autumn 1973. During the disin°ation period, inflation and …

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

This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …

domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …

This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and … nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation … uncertainty has a positive and significant effect on the level of inflation only in the real term. Moreover, inflation uncertainty …

This paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The … authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov …-switching approach, the authors identified two main regimes for inflation in Tunisia over this period: a low and stable inflation regime …