the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

the natural rate hypothesis can be called the DESIRU (dominant extrema, steady inflation, rate of unemployment). …This paper assesses the Layard et al. (1991) NAIRU framework for explaining unemployment. Their approach is distinct … from the natural rate of unemployment framework in that it postulates a short-run NAIRU influenced by 'hysteresis'. It is …

15 years. Controlling for the most important other factors influencing the inflation rate, we estimate cointegrations and … test whether a "break" in the Phillips curve can be detected. We restrict our study to Germany, France, Italy, Spain, the …

inflation. It is argued that that there is a tendency to slip from arguments which that the rate of interest is related to the … price level to suggesting that the rate of interest is related to the rate of inflation. The neo-Wicksellian approach is … inflation. It is also argued that the route through the exchange rate does not support the view that higher interest rates will …

Keynes's vigilant approach to infl ation and argues that the inflation of the 1970s was connected with liberalisation not … Keynes. The loss of the central role for investment and the pre-occupation with inflation in post-Keynesian economics is …