The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation …, help to explain why U.S. inflation was so low in 1976 and why it accelerated so rapidly in 1978. Granger causality tests … indicate that lagged exchange rate changes influence inflation, but lagged inflation does not cause exchange rate changes. A …

variables also significantly reduce inflation in both the short and long run. Given the actual changes in these factors in the … inflation in the latter half of the last decade …

good job of explaining the deviations of household inflation and unemployment expectations from the `rational expectations … of different demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …

matters for stabilization policy is the rate of inflation, not the rate of wage change. This paper provides new estimates of … result in the paper is that wage changes do not contribute statistically to the explanation of inflation. Deviations in the … growth of labor cost from the path of inflation cause changes in labor's income share, and changes in the profit share in the …

rate are associated with disinflations, and large decreases with run-ups in inflation. These facts are consistent with …

price and wage setting. The positive correlation of inflation and unemployment in the 1970s and again in the 1990s is … nominal GDP, higher inflation caused by adverse supply shocks implies slower real GDP growth and higher unemployment. This … “triangle” model based on inflation inertia, demand, and supply worked well to explain why inflation and unemployment were both …