The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … inflation in the countries studied during the above period were unidirectional. To verify this hypothesis, two basic research …

rate rule. It is based on sticky wages and prices, perfect foresight of current inflation rates and adaptive expectations … concerning the inflation climate in which the economy operates. A version of Okun's law is used to link capacity utilization to … will lose this feature if the inflationary climate variable or the price inflation rate itself adjusts sufficiently fast …

This paper empirically compares sticky-price and sticky-information Phillips curves considering inflation dynamics in … moments of inflation. Under baseline calibrations, the two models perform similarly in almost all countries. Under estimated … unconditional moments of inflation dynamics better while sticky information is more successful in matching co-movement of inflation …

, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model … much of the inflation dynamics in the 2012-2014 euro area missing inflation episode. Consequently, economists and models … that excessively focused on the global nature of inflation were liable to miss the contribution of deflationary domestic …

effects of uncertainty shocks on inflation. We find the response of inflation to be statistically insignificant until mid …

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 …

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

relationship between inflation and unemployment is nonlinear. Using aggregate data we are unable to reject a linear relationship … low compared to when it is high. Nevertheless the simple nonlinear Phillips curves used here suggest a core CPI inflation …

This article aims to analyze the relationship between inflation and unemployment in the United States, in the 1960s and … unemployment and inflation rates were observed, although at the cost of high inequality. …

sticky-price version of the New Keynesian Phillips Curve does a good job of approximating US inflation dynamics. However … to the entire underlying model of the NKPC. Thus I conclude that the NKPC fails to give a sound explanation of inflation …