This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …

Abwärtsnominallohnrigidität selbst vom inflationären Umfeld abhängt und in Jahren mit niedriger Inflation sinkt. This paper examines the existence … nominal wage rigidity - under a constant degree of rigidity - are the higher, the lower the inflation rate is. For inflation … of the rigidity itself sinks during years of low inflation. …

Kapazitätsauslastung (NAICU: «non-accelerating inflation rate of capacity utilisation») sind deshalb für geldpolitische Entscheidungsträger …

The existence of the inflation-output tradeoff is a well-established relationship in macroeco-nomics, with prevailing … perhaps a greater movement towards one? This paper investigates this question and examines whether the inflation-output tradeoff … as of yet there is no evidence of a truly global Phillips curve, although an international inflation-output tradeoff does …

Macro economist over the years have camped their argument on the tradeoff between inflation and unemployment on an … economy. As the monetary announcement of an economy has an important influence on both inflation and unemployment, this paper … reviews the existing literature to find out the relation between inflation and unemployment rate in Malaysia with special …

reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

This paper considers whether the Phillips curve can explain the recent behavior of inflation in the United States … historical data will overstate the responsiveness of inflation to present-day economic conditions. I modify the traditional … behavior of inflation without relying on anchored expectations. Specifically, I explore reasons why the slope might vary over …

We provide Bayesian estimates of an empirical model of consumer price inflation for Turkey based on the hybrid New … real marginal costs does a better job in explaining consumer price inflation compared to alternative models which … incorporate real unit labor costs. On the other hand, estimations for services inflation point to the importance of real unit …