This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

positive output gap and inflation above target. The estimation results show that the adaptive learning model does a better job … in fitting the data in Brazil. In addition, the estimation shows that expectations are more backward-looking and started …

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … process. Parameter estimates of the structural model using a sample of unemployment spells from the National Longitudinal …

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … process. Parameter estimates of the structural model using a sample of unemployment spells from the National Longitudinal …

and other structural changes. This paper presents the estimation of the model using Bayesian methods. It then evaluates … variables in the Norwegian economy. Re-estimation and further development of NEMO are important for the model to continue to be …