the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical … and inflation, while the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the …

This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy 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 …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …

, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …

- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this persistency … setting (in which real variables not only affect inflation, but are also influenced by it), standard wage-price staggering …

countries and non-Inflation Targeting countries, Section 5 uses panel estimation methods including GMM techniques on different …This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … authors have used different estimation methods on different samples of data. Some of the differences in results may also be …

We show that grading standards for primary school exams in England have triggered an inflation of quality indicators in … inflation resulting from discretion in the grading of randomly assigned external markers. We find large housing price gains from … the school quality improvements artificially signaled by inflation as well as lower deprivation and more businesses …

due to nominal, but mostly real wage rigidity is substantial. The extent of real rigidity rises with inflation, whereas …, is most likely minimized in an environment with moderate inflation …

consumer price inflation rate …