We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in … relationships between inflation, unemployment, and labour force. As before, a structural break is allowed in these relationships …

their final manifestation in world financial markets, is explained using traditional economic theory. A three …

The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a … link between inflation, unemployment, and labor force has been also re-estimated and validated by new data. Labor force …

hand and inflation (short and long-term) on the other hand. Combing both data sets, factor analysis delivers (1) an … international stock market factor, (2) a common European uncertainty factor and (3) an US-inflation uncertainty factor. …

theory, showing how they build on common foundations. We then lay out a tractable benchmark version of the model that allows … inflation, the relationship between money and capital accumulation, and the Phillips curve. We also extend the benchmark model …

of productive resources away from the most productive agents. Second, following an adverse productivity shock there is a … initial output fall is dampened with a temporary rise in inflation, the more the adverse future effects of the reallocation of … some inflation variability, even if the only shocks in the economy are productivity shocks. The optimal variability of …

.S. price level and inflation are much more responsive to aggregate technology shocks than to monetary policy shocks. The model … affect the incentives faced by firms in allocating attention. A policy rate responding more actively to expected inflation …