In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …

presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by hindering real wage …

This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment. Using a panel data approach, this paper models directly the specific structural determinants of the natural rate of …

This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment. Using a panel data approach, this paper models directly the specific structural determinants of the natural rate of …

pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations …

of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized …

implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …