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

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation and …

This paper combines matching frictions with e¢ ciency wages to deter shirking in a model that is estimated for the USA …

This paper estimates voters' response to municipality and regional level unemployment and economic growth, in Swedish … reduction in regional unemployment by one percentage point is associated with an increase in the support for the national … government by about 0.8 and 1.1 percentage points. Changes in unemployment and growth at the municipality level seem to have much …

increase in conservatism triggers two opposite effects. It reduces the inflation bias of discretionary monetary policy and … hence the benefits of a reform. It also increases unemployment variability, which increases the precautionary benefits of a …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to … consumption, more attractive. Less consumption is associated with less output and therefore higher unemployment. To the contrary …