-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including … the failure of high total unemployment since 2008 to reduce inflation greatly. The fit of our equation is especially good … general Phillips curve in which core inflation depends on short-term unemployment and on expected inflation as measured by the …

A vast literature exists that measures the amount of real GDP that is lost when trend inflation is lowered by a … constrains the disinflation episodes to be ones where trend inflation at the start of an episode is low or moderate. All cases of … high inflation, and even hyperinflations, are automatically discarded in the literature. This paper seeks to address what …

This paper investigates the performance of the New Keynesian Phillips curve when survey forecasts of inflation are used … to proxy for inflation expectations. Previous authors such as Brissimis and Magginas (2008) have applied survey measures … of inflation expectations to the NKPC, and have concluded that these estimates are superior to those estimated using …

the Phillips curve is alive and well in India, and that the Lucas critique does not apply empirically to Indian inflation …

This paper examines the long-run relationship between inflation and a new measure of the price-marginal cost markup … using U.S. manufacturing data, and inflation. We find that decreases in the markup that are associated with a percentage … point increase in inflation are much smaller than previous studies have found. …