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 …

unemployment. Moreover, the wage sweep-ups caused by nominal rigidity are strongly correlated with unemployment suggesting that … downward rigidity of nominal wages indeed contributes to unemployment …

inflation is relatively high, as was the case in the 1970s. In general, the sign of the effect of growth on unemployment is …The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience …

productivity growth and high unemplyoment. Subsequent research has shown that the standard model of unemployment actually gives … counterfactual predictions. Motivated by the observation that the 1970s were also characterized by high and rising inflation …, Tesfaselassie and Wolters examine the effect of growth on unemployment in the presence of nominal price rigidity. The authors …

rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is …The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized …

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 … Phillips curve. However, we found the Okun’s law holds which indicates an unemployment rate and economic growth are negatively …

unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years …

find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s but has … below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than … anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 …