Purpose – The purpose of this paper is to analyze the time-inconsistency problem between inflation and unemployment …. Then the modified Barro-Gordon model's constraint is applied to the detrended inflation and unemployment rate. Findings … – The results of this study suggest that both inflation and unemployment series are not stationary and they include the unit …

inflation, real wages and the real exchange rate for any given rate of unemployment. Inflation, rather than unemployment, is the … “conflict solver” in the unrestricted model. However, a supply side determined equilibrium rate of unemployment is subsumed as a …

methods, the offsetting effects of a monetary policy change on the output-inflation and unemployment-inflation trade …Purpose – This article aims to analyze if the adoption of inflation targeting in Brazil contributed to an improvement … in the conduction of monetary policy capable of increasing credibility and reducing inflation without an increase in the …

sense if there is a trade-off between inflation and unemployment and when there is a causal relationship indicating that … with more inflation, unemployment is reduced (as suggested by the Phillips curve). Hence, TIP is observed by testing the … existence of cointegration between inflation rate and unemployment rate series and analyzing the sign of the estimated …

, this paper focuses on Germany where this policy is implemented. The results highlight the importance of price stability in … confirm the Bundesbank’s claim that monetary growth runs ahead of fluctuations in nominal income in Germany. That is, the …

on accountability, inflation average, output gap, interest and central bank credibility. Findings – The results … highlighted that central banks with greater transparency contribute to decrease inflation rate and interest rate. The findings …

school should be followed in these three Middle Eastern countries, in order to curb inflation. Originality/value – The paper …

Purpose – The purpose of this paper is to extend the literature on the relationship between inflation and inflation …-GARCH models are used to estimate inflation uncertainty along with Granger-causality tests to infer the relationship between … inflation and inflation uncertainty. Findings – The results reveal that both the Bahamas and Jamaica exhibit a high degree of …