This paper describes a new data set of the forecasts of output growth, inflation, and unemployment prepared by …

We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is 'involuntary'). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …