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professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …
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In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … 1975 and 1980 after the first (or the second) oil price shock in autumn 1973. During the disinflation period, inflation and … their favour and the Central Bank fighting against inflation. Since the wage and price setters did not fully believe in an …
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professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and …
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