reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low …-and-flow consistent agent-based model by Rolim et al. (2023), in which inflation and inequality result from the social conflict over … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating …

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. …

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 …

A linear and lagged relationship between inflation, unemployment and labor force change rate, ?(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …

We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in … relationships between inflation, unemployment, and labour force. As before, a structural break is allowed in these relationships …

This paper investigates the impact of inflation in different states of unemployment: evidence with the Phillips curve … in South Africa. The contribution of this paper is to examine the impact of inflation on different states of unemployment …% increase in inflation results in a 2.61% increase and a 0.06% decrease in unemployment, respectively. There are times when the …

Good measures of labor market tightness are essential to predict wage inflation and to calibrate monetary policy. This … with wage inflation and also predict wage growth well in out-of-sample forecasting exercises. Conversely, transitory shocks …

capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …