productivity and unemployment when public wages, to which they respond, are set through bargaining. Finally, manufacturing wages …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

We set up and estimate a structural unobserved components open economy model for the rate of unemployment and the real … factors. Thus, the results indicate that the dramatic changes in the Swedish unemployment rate during the 1990s mainly was a … inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point …

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in … achieved by two types of Phillips curve mechanisms; one where the inflation/unemployment trade-off was triggered off for … rate and the interest rate. Excess wages and/or increasing cost levels in the tradable sector led to higher unemployment …

.p. over the annualized inflation); ii) a shock on the unemployment rate lasts for 18 months; iii) a shock on the expectations … has no effect over the unemployment rate. That is, more inflation does not reduce unemployment. …

Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of unemployment … out that the estimated NAIRU using our methodology tracks the unemployment process closely except for the high inflation … unemployment forecasts. These results suggest that monetary policy was very effective during the sample periods and there was not …

framework and assuming that shifts of the Phillips curve share a common trend with the unemployment rate. We consider in this …, it appears that the Nairu can substantially differ from the unemployment trend. Second, relaxing the common trend …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …