, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …

the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …

During the recovery from the Great Recession, inflation did not reach the central bank's 2 percent objective as quickly … contestable and damped retail inflation. This hypothesis is tested using data on the online share of retail sales, which are … sensitivity of inflation to unemployment rate changes. Improvement in fit from just including the online share is tiny—so far …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …

observed puzzling co-movement. The computation also indicates that decrease in expected variation in inflation, results in … increased unemployment by 61.0 per cent decrease in the variation in expected inflation associated with a unit change in the …

estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …

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

form of concavity discovered in the Phillips curves, the low inflation rate experienced over the last couple of decades can …