increased unemployment by 61.0 per cent decrease in the variation in expected inflation associated with a unit change in the … observed puzzling co-movement. The computation also indicates that decrease in expected variation in inflation, results in … variation between the potential and actual rates of unemployment over the study horizon, which confirms theoretical expectations …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …, just as in the Great Recession we anticipate deflation in the near future, coupled with rising joblessness and recession. …

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

account deficit, exchange rate, unemployment, inflation, and mortgage rates. Second, we employ probit and logit regression …

Using the statistical technique of fuzzy clustering, regimes of inflation and unemployment are explored for the United … inflation/unemployment space. There is considerable similarity across the countries in both the regimes themselves and in the … timings of the transitions between regimes. However, the typical rates of inflation and unemployment experienced in the …

our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent … a standard Phillips curve, the sum of coefficients associated with expected inflation is far below unity, whatever … measure of expected inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is …