This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the …

model the U.S. inflation rate via the Sorenson-Alspach recursions. Even after removing state-contingent heteroskedasticity … accounts for outliers and level shifts better, provides tighter estimates of trend inflation, and gives more realistic …

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …