economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …

a rationale for the practice of inflation zone targeting. We show that the presence of either zone-quadratic preferences … or a zone-linear relationship between inflation and economic activity provides strong incentives to deviate from … structure and relative preference towards economic stability in determining the width of the implied targeted inflation zone. …

excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …

have become frequent and inflation has returned. This raises the question how sector-specific shocks are related to overall … pre-pandemic average price volatilities and the price shocks in the COVID-19 and Ukraine war inflation yield an almost …

of the two.We compare the accounting definition of deficit with the economic definition which takes inflation into …

optimise.Under discretionary monetary policy the size of the inflation bias depends on the fiscal policy regime.Using the … with the alternative fiscal policy rules, and inflation and output persistence reflects the economic data.With the deficit …