-run inflation-unemployment tradeoff …

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …

The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …

We study the low frequency comovements in unemployment, inflation and the federal funds rate in the U.S. From 1970 … buildup of inflation in the 1970's is that the Fed reacted to an increase in the natural rate of unemployment by conducting an … fed funds rate and inflation. We argue instead that the source of the inflation buildup in the 1970's was a downward drift …

The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation …

This paper uses an econometric model and Bayesian estimation to reverse engineer the path of inflation expectations … common measures of expected inflation available from surveys or computed from financial data. In particular, they exhibit the … strongest correlation with the inflation forecasts of the respondents in the University of Michigan Survey of Consumers. The …

This paper proposes a new empirical representation of US inflation expectations in a Stace-Space Markov …