In a series of summits, leading countries of the world will meet to draw up an in¬ternational arrangement for financial …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

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. …

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

rising world food prices. Our simulation results suggest that climate change induced price increases for food will raise …

persistent. Vertical mobility is to be taken into account. The paper also looks at the relationship of income inequality, growth …