Firmly-anchored inflation expectations are widely viewed as playing a central role in the successful conduct of … monetary policy. This paper presents estimates of trend inflation, based on information contained in survey expectations, the … term structure of interest rates, and realized inflation rates. My application combines a variety of data sources at the …

This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation … fluctuations in the share of profits create inflation, unemployment, and business cycles. This generalization has been verified by … profit share is high, moderate inflation and employment were generated, and when profit share is low, inflation, unemployment …

variables also significantly reduce inflation in both the short and long run. Given the actual changes in these factors in the … inflation in the latter half of the last decade …

This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …

not efficient. Inflation is detrimental to unemployment …