capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …

band spectrum regression to study the determination of inflation in Japan. We find that inflation is related to money … reflects Granger causality from money growth and the output gap to inflation in the relevant frequency bands. …

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

Why is inflation so much lower and at the same time more stable in developed economies in the 1990s, compared with the … inflation equilibrium. Our argument builds on the story proposed by Tom Sargent in The conquest of American inflation, where the … fall in inflation in the 1980s was attributed to the changing beliefs informing monetary policy. To explain the escape in …

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 …

The relationship between wage inflation and unemployment has been extensively investigated since the early work of …

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 …

little response in the inflation rate. Such instances, while casting doubt on the tradeoff implied by the linear Phillips … curve, are also associated with large inflation forecasting errors. In principle, these movements are consistent with a … relationship against a simple linear specification, and compare dynamic and static out of sample forecasts of inflation across …

analysing inflation. The Swiss National Bank emphasises that the indicators it uses to do so vary across forecasting horizons … spectral regressions and causality tests in the frequency domain, we show that this interpretation of the inflation process …