This paper reviews recent approaches to modelling the labour market, and assesses their implications for inflation … data and, so, too volatile inflation. Models with wage stickiness and right-to-manage bargaining, or with firm …

Austria, Italy, the Netherlands, Sweden, Switzerland, and the United States as a function of inflation and the change in labor … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …

The current economic theory and practice highlights the fact that between inflation and unemployment, two macroeconomic … into consideration these aspects, we aim to present a theoretical and empirical view on the relationship between inflation … type relation between the inflation rate and the unemployment rate. The results of this research show that, in Romania, in …

inflation and labor market dynamics.In particular, it fails to generate a Beveridge curve: vacancies and unemployment are … market flows to more realistic values.However, inflation dynamics are only weakly affected by real wage rigidity.This is … marginal cost that is relevant for inflation dynamics via the Phillips curve contains a dynamic component that does not …

reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue … that internal devalution is not an effective policy, pushing inflation rates to a worrisome lower level and even outright …