increased unemployment by 61.0 per cent decrease in the variation in expected inflation associated with a unit change in the … observed puzzling co-movement. The computation also indicates that decrease in expected variation in inflation, results in … variation between the potential and actual rates of unemployment over the study horizon, which confirms theoretical expectations …

Phillips Curve. The main result is a time-varying natural rate of unemployment, which nevertheless continues to be an essential … historical concept to analyze inflation in a Structuralist version of the Phillips Curve where many forces determine the path of …

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 …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …, just as in the Great Recession we anticipate deflation in the near future, coupled with rising joblessness and recession. …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

below the ECB’s inflation target. Therefore, a readjustment of the infl ation target seems unjustified. Furthermore, as the … ECB can expect inflation to return to its target, it possibly can accelerate tapering its unconventional monetary policy …