-run inflation-unemployment tradeoff. …

A growing body of empirical evidence shows that there exists a long-run positive tradeoff between inflation and real … between inflation and output. …

incorporate some “rule-of-thumb†price-setters that index to inflation over recent periods. These models are estimated for the … inertia in inflation than the baseline sticky-price model, its overall fit is worse. The results point toward substantial … gains in terms of fit for hybrid models with indexation that smoothes through quarterly volatility in inflation and clarify …

plausible numerical simulations, economic openness reduces the sacrifice ratio. Regarding a monetary union, aggregate inflation …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

inflation model, when used to explain inflation persistence. Indeed, virtually all inflationary dynamics end up being captured … model (i.e. lagged inflation) and that the SPI model overemphasizes inflationary persistence. Thus, there appears to be room …" inflation persistence …

A linear and lagged relationship between inflation, unemployment and labor force change rate, ?(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or 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 …

phenomena: (i) the flattening Phillips Curve and (ii) “well-anchored” inflation. In particular, I derive a Behavioral Attention … Phillips Curve (BAPC) whose slopes on the output gap and inflation expectations decline when inflation is less uncertain. When … inflation uncertainty is low, firms find it less costly to misperceive aggregate demand and inflation expectations, thus pay …