This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a … has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties. …

economically stronger countries, transfer payments to foster investments and the acceptance of higher inflation rates in the …

the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment … and inflation, while the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the …

targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to …Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing … adopting inflation targeting. This working paper examines the extent to which macroeconomic policies anchored to inflation …

Im Vergleich zum EU-Durchschnitt und zu den Vereinigten Staaten hat Deutschland seit einigen Jahren eine höhere …

educational and R&D systems of the U.S. and Germany. In this line, we show that on average the German system can compete with the …

maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …

-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …

Arbeitslosigkeit gekennzeichnet - eine Konstellation, die als New Economy bezeichnet wird. Handelt es sich dabei um eine grundlegende …

Arbeitslosigkeit, wie sie in den Vereinigten Staaten seit einigen Jahren zu beobachten ist. Ist diese Konstellation von Dauer? Liegen …