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

sensitivity of inflation to unemployment rate changes. Improvement in fit from just including the online share is tiny—so far …During the recovery from the Great Recession, inflation did not reach the central bank's 2 percent objective as quickly … contestable and damped retail inflation. This hypothesis is tested using data on the online share of retail sales, which are …

The main aim of this paper is to provide forecast intervals for inflation and unemployment rate in Romania, bringing …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to … consumption, more attractive. Less consumption is associated with less output and therefore higher unemployment. To the contrary …