positive long-run relation between inflation and output (and employment), for low inflation rates. This Phillips curve relation … 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 latter seek to reduce it. The greater the inflation rate …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …

not efficient. Inflation is detrimental to unemployment. …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …

Observations on munition workers, most of them women, are organized to examine the relationship between their output … and their working hours. The relationship is nonlinear: below an hours threshold, output is proportional to hours; above a … threshold, output rises at a decreasing rate as hours increase. Implications of these results for the estimation of labor supply …

change in competition. Higher substitutability increases welfare, output and productivity because resources shift towards the …

We model empirically the role of labor market institutions in affecting the response of inflation to labor market and …-country differences in inflation adjustment for the "sheltered" (non-trading) sector; the effects in the "exposed" (trading) sector are …) flatten the Phillips curve in both sectors. More active LM policies also reduce the persistence of inflation. However, but …