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 …- 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. …

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. …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

inflation and inflation uncertainty. Thus, we can test for state-dependence of the Calvo parameter in a straightforward way. To … that a number of shortcomings of empirical NKPC model representations in explaining inflation data may be addressed by … the relation between inflation and marginal costs are considerably reduced in the framework of our more general NKPC …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the … measure of workers' opportunities outside the firm rather than the unemployment rate, develops a dynamic model with imperfect …

policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We …