We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market … competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with …. We also find that the effect of increased competition on real wages is beneficial to workers, but less so when they have …

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of … inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be …, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …

We study possible factors behind the subdued inflation in the United States since the mid-1990s. A standard …, consumer price inflation and producer price inflation shows an otherwise unexplained downward shift in CPI inflation since the … simulation of the wage-price spiral shows that the low level of U.S. inflation during the late 1990s stems from coincidental …