shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …

The origins of stagflation and the possibility of its recurrence continue to be an important concern among policymakers … and in the popular press. It is common to associate the origins of the Great Stagflation of the 1970s with the two major … of the causal mechanism generating stagflation as is often thought. We provide a model that can explain the bulk of …

none of the more recent oil price shocks has been associated with stagflation in the US economy, a major reason for the … stagflation of the 1970s. We show that this is not the case. …

, inflation expectations would have remained anchored and the stagflation of the 1970s would have been avoided. Indeed, we find …

the outbreak of stagflation. We examine alternative hypotheses with a New Keynesian model of aggregate demand and …

insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … balance between two offsetting forces: UI causes agents to seek higher-wage jobs, but also reduces wages by lengthening … both in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by …

This paper investigates the effects of services offshoring on wages using individual-level data combined with industry … real wages. Hence, offshoring has contributed to a widening of the wage gap between skilled and less skilled workers. This …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … emphasis on cross-country comparisons. Most, but not all, countries experienced substantial increases in wages and earnings …

who first entered on a student/trainee visa or a temporary work visa have a large advantage over natives in wages …