inflation and the rate of unemployment are correlated. This paper uses a variant of the PC that is more consistent with the … pooled data. The Expectations Augmented (EA) is able to track a negative relation between inflation and unemployment better …

It is an open question whether and how indexed wage contracts reduce welfare or raise average inflation. This paper … analyzes the impact of indexed wage contracts on inflation and social welfare in a Barro-Gordon model with discretionary … monetary policy by endogenizing social costs of indexation. Main results are: Wage indexation reduces the inflation bias but …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …

It is an open question whether and how indexed wage contracts reduce welfare or raise average inflation. This paper … analyzes the impact of indexed wage contracts on inflation and social welfare in a Barro Gordon model with discretionary … monetary policy by endogenizing social costs of indexation. Main results are: Wage indexation reduces the inflation bias but …

is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …

increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …

is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …

Although there is academic research confirming a short-run negative correlation between unemployment and inflation, the …

Ireland and Switzerland both had rising inflation during the early 1970s, but their experiences diverged thereafter, so … that they form a rare example of two countries whose inflation rates are poorly correlated with one another over the Great … Inflation period. In addition, each of the two countries' records is anomalous in important respects relative to other economies …