Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …

potential output overestimated) before the recent crisis. It is fair to say that the employed estimation techniques failed to … insignificant relation between inflation and the output gap or unemployment gap, which questions the adequacy of the Phillips curve … into account in conventional methods for the estimation of potential output and the output gap. Since both, potential …

potential output overestimated) before the recent crisis. It is fair to say that the employed estimation techniques failed to … insignificant relation between inflation and the output gap or unemployment gap, which questions the adequacy of the Phillips curve … into account in conventional methods for the estimation of potential output and the output gap. Since both, potential …