This paper calculates the NAIRU for the US in a framework that allows inflation and unemployment to be jointly … endogenous. We define the NAIRU as being the component of actual unemployment that is uncorrelated with inflation in the long run …. We use a structural VAR to estimate the NAIRU and core inflation simultaneously and with greater precision than most of …

This paper examines the effects of inflation and associated financial instability on income distribution. Using both … panel and single-country time-series models, the level of inflation, inflation variability, and the variability of the …, the issue as to whether inflation is a progressive or a regressive tax is found to be negatively correlated with the level …

about 50% of the Flemish; but by the 1480s, they had narrowed that gap (with much less inflation) to about 80%. That gap was …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

annum. The most substantial impact on inflation arises, however, from the role of lower markups in reducing the inflation … markups. Using disaggregated data for EU manufacturing over the period 1988-2000 we find increased openness exerts a negative … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising …