assumptions on the functional correspondence between price inflation, inflation expectations and marginal costs. Expectations are … not assumed to be an unbiased predictor of actual inflation and instead derived from the European Commission’s Consumer … Survey data. The results suggest that expectations drive inflation with a lag of about 6 months, which casts further doubt on …

the determination of inflation and output in the euro area and the existence of a non-vertical long-run Phillips curve …

The paper focuses on the measurement of the NAIRU (Non-Accelerating-Inflation-Rate-of-Unemployment) for the euro area …, methodologies and choice of the inflation indicator. They also show significant inflation forecasting ability and are able to …

between price inflation and economic slack became stronger. Instead, there is no clear evidence of a strong(er) relationship … between wage inflation and unemployment. In this paper, we estimate a Phillips curve with time-varying coefficients separately …

be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run) …

been shown to describe satisfactorily the relationship between inflation and marginal cost both for the United States and …