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 … complement these findings with newly compiled union-level panel data on collective bargaining outcomes. We show that the observed …

relationship between the key macroeconomic tools of maintaining macroeconomic stability: inflation and unemployment. Our empirical … findings showed that unemployment rate and inflation are positively associated in Uzbekistan, which contradicts with the …

The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … for long-term growth in Africa. Using a dynamic panel threshold model, the study covered a large panel-data set of 41 … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the …

implications of variable labor force participation rates for inflation and establish the following result: if endogenous movements … dynamics. Indeed, during recessions, the upward pressures on inflation stemming from the lack of a downward adjustment in real …

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

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …

This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …

This paper provides empirical evidence of the role of spatial factors on the determination of inflation dynamics for a … representative set of tradable commodities in Chile. We present a simple model that explains inflation divergence across regions in a … inflation while macroeconomic common factors do not play an important role in this process. Existing literature had obtained the …

Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … Auswirkungen bei sehr niedriger Inflation nicht zu vernachlässigen sind. Die Ergebnisse dieser Literatur sollten daher bei der …In the presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by …

The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage … integrate staggered price- and wage-setting into an endogenous growth framework. In this setting, growth and inflation are … linked via the incentive to innovate. For standard calibrations, the linkage is strong: as trend inflation shifts from -5 to …