contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high … incomes experience guilt. The former seek to raise their income, and the latter seek to reduce it. The greater the inflation … empirical evidence, a rise in the inflation rate leads workers to supply more labor over the contract period, generating a …

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

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

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

show that people do care about fairness in their demand for redistribution. In this article, in the spirit of the new …

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 …