This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

-run inflation-unemployment tradeoff. …

The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation-unemployment …

We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … when initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI …

decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …

important new insights for many fields: The estimation of the production potential in an open economy, growth decomposition …