introduced and adaptive inflation expectations are assumed, an accelerationist Phillips curve emerges: because of debt deflation …, an increase in the rate of inflation reduces firms' real debt burden; because of the negative link between real debt and … employment, unemployment falls. The natural rate of unemployment is the rate that occurs when inflation is constant. Frisch has …

Abstract During the 1990s economic expansion, the United States enjoyed both low inflation and low unemployment. Juhn … whether Phillips curve relationships between real compensation growth, changes in inflation, and labor market slackness are … labor market slackness do as well as men’s in explaining real compensation growth and changes in inflation after 1983.  …

Abstract A number of hypotheses have been proposed to account for the role of lagged inflation in the New Keynesian … the need for lagged inflation. I address the empirical support for these hypotheses and find that none eliminates the need … for lagged inflation. In particular, lagged inflation enters with a coefficient in the range of 0.4 to 0.5, regardless of …

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 … our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent …

the Phillips Curve relationship between inflation and output. Design/methodology/approach – Building on work by Ball and …‐run relationship between inflation and output. However, a long‐run relationship is in fact found, once the variance and skew of …

Purpose The paper aims to know about energy condition’s impacts on inflation comprehensively. Design … can predict China’s inflation well. Originality/value China’s ECI can predict China’s inflation well.  …

regression models and provide a discussion of the impact on the formation of inflation expectations in the presence of multiple … and recurrent changes in inflation regimes. Our empirical findings give a plausible explanation as to why the rational …-expectations hypothesis based on direct measures of inflation expectations from survey series is typically rejected because of large …

policy uncertainty and inflation expectations) influence micro-level (instead of macro-level) behavioral dynamics exhibited … the short run, inflation expectations tend to have a significant positive impact on both non-durable goods and service … that economic policy uncertainty, unlike inflation expectations, tends to constrain consumption expenditures at all micro …

Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for …