money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal …

between exchange-rate regimes and consumer price index (CPI) inflation performance. Our results suggest that those countries … with flexible exchange-rate regimes are characterized by higher CPI inflation rates, while the smaller CPI inflation rates … records of CPI inflation rates. These findings are maintained when we analyze the countries using the World Bank …

Empirically, unemployment is highly volatile while inflation displays inertia, even though marginal cost is pro … unemployment in the Great Recession. Moreover, inflation inertia is made consistent with pro-cyclical marginal cost since the …

matters for stabilization policy is the rate of inflation, not the rate of wage change. This paper provides new estimates of … result in the paper is that wage changes do not contribute statistically to the explanation of inflation. Deviations in the … growth of labor cost from the path of inflation cause changes in labor's income share, and changes in the profit share in the …

The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation …, help to explain why U.S. inflation was so low in 1976 and why it accelerated so rapidly in 1978. Granger causality tests … indicate that lagged exchange rate changes influence inflation, but lagged inflation does not cause exchange rate changes. A …

good job of explaining the deviations of household inflation and unemployment expectations from the `rational expectations … of different demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …

In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a … significantly lower elasticity of marginal costs with respect to output. This helps to explain the sluggishness of inflation and the … inflation relies on its ability to explain the dynamics of the labor market …

The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation …, help to explain why U.S. inflation was so low in 1976 and why it accelerated so rapidly in 1978. Granger causality tests … indicate that lagged exchange rate changes influence inflation, but lagged inflation does not cause exchange rate changes. A …