productivity depends on their age through the build-up of labour market experience and the depreciation of human capital. We make … wisdom following an increase in longevity, depending on the corresponding change in the age-productivity profile …

of productivity and economic density to explain the positive price-income relationship, and find that the empirical …

interest rates tends to distribute income towards higher income classes. This helps explain why consumer price inflation in …

excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … increasing inflation volatility. Using a standard DSGE model, we show that these stylized facts, in particular the estimated …

restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …

predicts a short-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical wages after …

found to help rationalizing the hump-shaped response of inflation, without resorting to the counterfactual assumption of …