result is that the model is able to generatepersistent responses in output, inflation, and total labor input to both …

Wirkung besitzt. Des Weiteren findet diese Studie anhand einer Simulationsanalyse, dass eine kontraktive Geldpolitik unter … implizieren somit, dass eine gemeinsame Geldpolitik - wie zum Beispiel innerhalb der EWU - aufgrund heterogener … examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms’ costs of working capital …

and foremost, as a commitment device. In our setting, a monetarytarget helps anchoring inflation and inflation … as a strong response to deviations of inflation from target and to theactivity growth gap. In contrast, the response to …

, consumption, investment and unemployment)has a distinct dynamic from disagreement about nominal variables(inflation and interest … series. Countryby-country regressions for inflation and interest... …

labor market frictions and unemployment explicitly. The present paper describessome of the essential ingredients and …

The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15percentage points, with roughly … constant inflation. This change has been more pronouncedthan elsewhere... …

This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone … use a New Keynesian model with unemployment to predict the effects ofdifferent labor market institutions on macroeconomic … labor market institutions have a large effect on output volatility, they donot seem to have much of an effect on inflation …

unemployment insurance, when thelatter is only imperfectly related to search effort. A balanced social insurance budget …