inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …

policy? Notions of natural rates of unemployment and inflationary barriers to full employment fade away. Supply-side measures … can no longer been seen as adequate to deal with problems of unemployment and inequality. Questions of distribution of …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

One of the key questions about the current economic recovery in the euro area is why the decline in unemployment … lower levels of hours per worker, implying that wage growth is less responsive to unemployment. Looking ahead, a significant …

This paper develops a general equilibrium monetary model with performance incentives to study the inflation-unemployment …

and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … the unemployment rate in the VAR model. …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience … of slow productivity growth and high unemployment in industrial countries. We show that introducing nominal price …