As inflation rates in the United States decline, analysts are asking if there are economic reasons to hold the rates at … levels above zero. Previous studies of whether inflation "greases the wheels" of the labor market ignore inflation …-setting that allows the benefits of inflation (downward wage flexibility) to be separated from disruptive uncertainty about …

The recent surge in inflation led many unions and firms to alter their bargaining and wage-setting policies. Using … during periods of high and low inflation. We find state dependence along the extensive and intensive margins: the average … implications of state-dependent wage setting for the long-run effects of trend inflation, the transmission of monetary policy …

towards inflation targeting in monetary policy and an unprecedented surge in labour supply due to higher immigration rates. We …-bargaining pattern, has been changed by labour immigration or by inflation targeting monetary policy. An explanation of why we do not … arbitration system itself has syncronized the inflation expectations of the social partners. In that analysis, inflation targeting …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

Long-term bond yields contain a risk-premium, an important part of which is compensation for inflation risks. The …

cyclical movements in Treasury bond premia. Downward nominal rigidities create state-dependence in output and inflation … dynamics: a higher level of inflation makes prices more flexible, leading output and inflation to be more volatile, and bonds … to become more risky. The model matches well the relation between the level of inflation and a number of salient macro …

not provide a strong argument against low inflation targets. …

not provide a strong argument against low inflation targets. …

not provide a strong argument against low inflation targets. -- downward nominal wage rigidity ; wage stickiness ; wage …

not provide a strong argument against low inflation targets. -- Downward Nominal Wage Rigidity ; Wage Stickiness ; Wage …