The paper shows how increases in the inflation rate can cause the output growth rate to decrease by a lessor amount as … the inflation rate rises. This is the so-called non-linearity in the inflation-growth effect. Our explanation helps show … how model-based estimates of the inflation-growth effect can be consistent with evidence. The model includes an explicit …

This paper shows that inflation has depended strongly on the growth rate of output for most of the twentieth century …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …

relationship between the key macroeconomic tools of maintaining macroeconomic stability: inflation and unemployment. Our empirical … findings showed that unemployment rate and inflation are positively associated in Uzbekistan, which contradicts with the …

We combine an estimated monetary policy rule featuring time-varying trend inflation and stochastic coefficients with a … medium scale New Keynesian framework calibrated on the U.S. economy. We find the impact of variations in trend inflation on … counterfactual exercises suggest that the change in the Federal Reserve's policy response to inflation is likely to have been the …