Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that …-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable …

contracts specify forward-looking wage indexation. Compared with contracts specifying backward-looking wage indexation or wages … based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs …, smaller misalignment of real wages, smaller outflows of reserves, smaller disruptions caused by policy announcements, and a …

This note develops an econometric model of inflation dynamics to assess recent developments. We find that most of the … between wages and prices. A consideration that could loom large is the shortfall in wage gains relative to their pre … Fed's monetary policy. If high markups unleash important competitive pressures across firms, then inflation and thus …

relation between their current wages and their past wages, adjusted for inflation. We call this the post-crisis Phillips Curve …In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative …. The shape of the post-crisis Phillips Curve expresses the theoretical assumption that the inflation rate stays below its …

Several explanations of the "great inflation moderation" (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as … inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …