inflation. Second, conditional on available estimates of the impact of the FED’s and the Bank of England’s asset purchase …

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

-form) properties of the economy. Based on estimated models for the Great Inflation and the most recent period, I show that, as a … played by monetary policy in exacerbating the Great Depression, causing the Great Inflation, or fostering the Great …

We characterise the evolution of the U.S. unemployment-inflation trade-off since the late XIX century era via a … Bayesian time-varying parameters structural VAR. The Great Inflation episode appears as historically unique along several … inflation and unemployment’s deviations from equilibrium–was, during those years, clearly out of line with respect to the rest …

: i) changes to wages are more synchronized than changes to prices; ii) most wages are defined using inflation as a …