employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …

As inflation rates in the United States decline, analysts are asking if there are economic reasons to hold the rates at … levels above zero. A study of inflation's effects on the labor market suggests that low rates of inflation do help the … economy to adjust to changes in labor supply and demand. When inflation's disruptive effects are balanced against this benefit …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

The key to understanding the series of supply shocks that have hit inflation is the nature of the COVID-19 recession. …

for inflation dynamics: under right-to-manage, the real wage rigidity also results in smaller fluctuations of inflation …. These findings are consistent with recent evidence suggesting that real wages and inflation only vary by a moderate amount …

Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase … uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the … interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …

We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has … domestic labour cost changes to core CPI inflation decreased from 0.25 in the 1980s to just 0.02 in the 2010s, while the …