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

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …

In this paper, the empirical analysis finds that the dynamics of inflation and unemployment can be described by a … Phillips curve when allowing for a positive co-movement between trend-adjusted productivity and unemployment. This suggests …. Furthermore, the natural rate of unemployment is a function of the long-term interest rate, indicating that monetary policy is not …