. These include the distinction between the short and long-run trade-offs between inflation and unemployment, and the changing … level of the non-accelerating inflation rate of unemployment (NAIRU), particularly in the 1970s. We estimate Phillips curves … discussion of the changing role of the Phillips curve in the intellectual framework used to analyse inflation within the Reserve …

the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

The aim of this paper is to assess the impact of union bargaining power on inflation and employment in a case of …

The aim of this paper is to assess the impact of union bargaining power on inflation and employment in a case of …

States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These … productivity gaps, except in the United States where it essentially resulted from a large increase in the unemployment gap. As … more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a …

-Accelerating Inflation Rate of Unemployment (NAIRU). The short-run stability of a NAIRU is examined taking into account real debt effects of …In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non … accelerating and decelerating inflation, and the short-run effectiveness of monetary policy interventions applying the interest …

finds that inflation responds strongly to the exchange rate shocks reaching a maximum after six months, the net nominal wage … has a sharp increase in the first semester after a shock in the inflation followed by a slow absorption, while the …