and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long … asserted that, in the context of the new Phillips curve (NPC), inflation is a jump variable. We argue that this persistency …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

We analyze mobility in urban Mexico between three labor market states: working in the formal sector, working in the … market state of each individual during each time period. The data is drawn from Mexico ?s Urban Employment Survey, a … quarterly household survey for urban Mexico. Two separate five-wave panels are used: the first covering a period of rapid …

We analyze wage differentials mobility between the formal and informal sector in urban Mexico, using panel data on five … quarters drawn from Mexico?s Urban Employment Survey. We develop a dynamic random effects panel data model. It consists of two …

this paper we use a unique data set from rural Mexico collected for the purposes of evaluating the impact of the PROGRESA …

find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …

consumer price inflation rate. …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …