This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

Resource utilisation, or “slack”, is widely held to be an important determinant of inflation dynamics. As the world has … output gaps.Full publication: "http://ssrn.com/abstract=2248714" Globalisation and Inflation Dynamics in Asia and the Pacific …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

, consistent with the evidence, increases with inflation. Because we assume that firms sell multiple products and choose how many … inflation accelerator--a feedback loop between inflation and the fraction of price changes--which significantly increases the … slope of the Phillips curve during periods of high inflation. Applied to the U.S. time series, our model predicts that the …

Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models … relation between macroeconomic and population variables, to a practical one - an accurate out-of-sample inflation forecasting …

Inflation in the USA for the period between 1960 and 2004 is studied in the framework of evident rigidity of personal … income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which counters changes in the … linking the measured inflation (consumer price index or GDP deflator), unemployment and change in labor force. During the last …

between inflation and real output have been developed. Since these new Phillips curve models are expressed in terms of …

run role of excess liquidity (that we estimate endogeneously) for inflation is taken into account. -- output gap …) Überschussliquidität auf die Inflation berücksichtigt wird. -- Produktionslücke ; Liquidität ; Zustandsraummodelle …