overcrowding. We provide evidence that Scottish workers generally spent their rent reduction entirely on food, rather than saving. …

industries high rent and overcrowding are more prevalent. Within cities, but not between cities, variations in infant mortality …

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

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 … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …

more dispersed than rent-based estimates, likely because of the recent housing bubble and because housing values often …

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 …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal …