In the early months of the COVID-19 pandemic, inflation fell. Later, as the pandemic wore on, inflation has risen … sharply, reaching a 40-year high. To explain the dynamics of inflation, we augment the standard labor search and matching … inflation rate is strongly tied to the behavior of vacancies and labor market tightness. This pattern is observed in European …

, and employment) under a standard set of neoclassical conditions on production, consumer preferences, fiscal and monetary … parameters. Comparative statics on prices, wages, and allocations for all levels of the state variables: money balances, debt …- ated by orbits of balanced expansion of both money balances and public debt. Generically, depending on parameters, there …

evaluate this tradeoff empirically and assess the impact of productivity, money growth, budget deficit, and trade deficit on …This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … money growth (on the one hand) and various real and nominal frictions (on the other). In this context we show that monetary …

sequels of this recession. Within this context, this paper produced detailed analysis on a strong link: the money thread, the … link between both people's and governments' needs during financial crisis. Thus, both search for more money and both try to … nowadays fiscal policy can impact on the bank employment in European Union, not neglecting the regulatory bank environment and …

:After a monetary or fiscal expansion there will always be a temporary increase in the production and employment, even if … be not only a temporary short-term increase in the production and employment, but furthermore a permanent long-term one … fixed long-term production reflecting a fixed full employment level underlies the conventional theory, unless a long …

; Income Transfers ; Investment Subsidies ; Direct Job Creation ; Employer of Last Resort ; Inflation ; Income Distribution … without stabilizing the economy at or near full employment. To build on these insights, the paper considers several distinct … of income transfers to individuals and firms (in the form of unemployment insurance and investment subsidies …

more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R … spending boosts output transitorily but over time crowding out in technology-enhancing investment weakens the long-run trend. I … growth-enhancing investment and thus the long-run trend, generating a positive trend multiplier. Multipliers of fiscal growth …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …