model of the relationship between inflation and the level of real economic activity over the 1949-1998 period and find no … scala mobile, the rigid indexation mechanism aimed at protecting wages from inflation contributed to the persistent … inflation bias that Italy experienced almost until its entry into the EMU. …

inflation and the unemployment rate in Australia. The implied time-varying equilibrium unemployment rate was generated and the …

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …

This paper examines the relationship between cyclical output and inflation in models commonly used for monetary policy … finding is that these models imply a strong negative relationship between inflation and output, a result that is at odds with …

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …

We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire … 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and … equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation …

inflation dynamics in open economies, but previous studies have not made a distinction between fixed and floating exchange rate … driving output and inflation (the underlying theory requires that monetary shocks dominate). We calculate new measures of the …

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation …

We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire … 1998). We first study the volatility, persistence and stationarity of the Italian inflation rate over the long run and … equations and investigate the extent to which nonlinearities, asymmetries and structural changes characterize the inflation …