, journalists and many academics viewed the low rate of unemployment as an indication that rising inflation was near on the horizon … ?natural? rate, that inflation would accelerate. However, the rate of unemployment continued to fall throughout the 1990?s and … yet rising inflation never emerged. This led economists to reconsider whether this ?threshold? unemployment rate, termed …

Last month marked the eleventh year of the Greenspan Fed. During this period, the Fed has achieved low inflation rates … not seen since the decade before the Vietnam War. This relatively stable and low inflation environment enabled the economy … different this period is relative to the decade of the 70?s, which started with both single digit inflation and unemployment …

subtract moderately from growth in 1998, but will not sidetrack the expansion. Inflation remains low and inflationary … must continue to pursue its long-run objective of zero inflation, and avoid committing monetary policy mistakes by …

should average 2 1/2% and inflation should be in the 7% vicinity by 1984. Real growth could be rising by 3 1/2% by 1984 with … inflation under 5% if the program is augmented by even further reduction in tax rates and government spending, as well as by a …

Since the election of President Reagan in November 1980, the inflation rate has declined from the 10-11% area to about … 8% in response to monetary restraint and slack in the economy. Despite many forecasts that inflation will continue to … in nominal rates reflects a rise in real rates or expectations that inflation will reaccelerate, economists both outside …

main industrial countries, which many observers expected to be weak and/or threatened by a possible resurgence of inflation …. Several indicators suggest that a spontaneous upturn may be expected now that inflation has declined much more rapidly than …

their collective actions influence the equilibrium inflation outcome in an environment in which the central bank engages in … initially causes inflation to increase at low degrees of wage centralization but then, as wage centralization increases, results … in an inflation drop-off; (2) a greater degree of centralized wage setting reduces the inflation-restraining effect of …

, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …

increasing sensitivity relies solely on a sustained surge in the degree of comovement for headline inflation, it is also based on … a higher region-wide effect of the shocks for the case of energy inflation. Instead, purely exogenous exchange rate … shocks do not seem to have a signifi cant effect on the core component of headline inflation, which also displays a lower …

medio-largo plazo ; We empirically explore the influence of inflation on fiscal variables in the short, medium and long run … influence of inflation on changes in public debt ; (ii) accounting decompositions of nominal revenue and expenditure items into …