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

reduced-form Phillips curve - the positive dependence of inflation on its own lags. In this paper, I show hat it is the 4 … price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI … data. I conclude that a non-constant price reset hazard plays a crucial role for generating realistic inflation dynamics …

This paper presents an approach to identify aggregate price reset hazards from the joint dynamic behavior of inflation … and macroeconomic aggregates. The identification is possible due to the fact that inflation is composed of current and …

of persistence in inflation and output. First, a small-scale New-Keynesian model (NKM) is examined using the method of … inflation and output dynamics for the Great Inflation period. However, the null hypothesis cannot be rejected at the 5% level …

be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run) …

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

This paper provides new evidence on a long-standing question asked by Shiller (1997): Why do we dislike inflation? I … inflation and their reactions to it. The predominant reason for people's aversion to inflation is the widespread belief that it …-income groups. Inflation also provokes stress, emotional responses, and a sense of inequity, as the wages of high-income individuals …

accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …