In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent …

Verhältnis der Deutschen zur Inflation wider. Die Medien sprechen von der „German Angst“. Sowohl die Erfahrungen der frühen 20er …

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 …