introduced and adaptive inflation expectations are assumed, an accelerationist Phillips curve emerges: because of debt deflation …, an increase in the rate of inflation reduces firms' real debt burden; because of the negative link between real debt and … employment, unemployment falls. The natural rate of unemployment is the rate that occurs when inflation is constant. Frisch has …

Abstract During the 1990s economic expansion, the United States enjoyed both low inflation and low unemployment. Juhn … whether Phillips curve relationships between real compensation growth, changes in inflation, and labor market slackness are … labor market slackness do as well as men’s in explaining real compensation growth and changes in inflation after 1983.  …

Abstract A number of hypotheses have been proposed to account for the role of lagged inflation in the New Keynesian … the need for lagged inflation. I address the empirical support for these hypotheses and find that none eliminates the need … for lagged inflation. In particular, lagged inflation enters with a coefficient in the range of 0.4 to 0.5, regardless of …

a standard Phillips curve, the sum of coefficients associated with expected inflation is far below unity, whatever … measure of expected inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is … our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent …

Purpose The paper aims to know about energy condition’s impacts on inflation comprehensively. Design … can predict China’s inflation well. Originality/value China’s ECI can predict China’s inflation well.  …

the Phillips Curve relationship between inflation and output. Design/methodology/approach – Building on work by Ball and …‐run relationship between inflation and output. However, a long‐run relationship is in fact found, once the variance and skew of …

At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006 …–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could … growth regression for 165 countries over 1960–2007 shows that for developing countries, inflation above 10 percent quickly …

Purpose – This study aims to statistically investigate the place of the eurozone countries in the framework of the … eventual discrepancies in the performing of the eurozone from the most advanced non‐eurozone countries by the weaknesses of … some eurozone members. The discriminant analysis as an investigation tool has been chosen as an as unbiased as possible …

Abstract Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on … inflation. An important source of uncertainty is the relationship between inflation and unemployment. This paper studies the … optimal monetary policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation …

Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for …