unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

reforms implies an unusual trade-off with employment, that is an inverted Phillips curve. Simultaneous implementation of labor …

professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly …, forecasters typically raise their long-term forecasts of employment by more than one-for-one and also expect a strong rise in … changes in aggregate demand, when inflation is rising and unemployment falling unexpectedly, also come with persistent long …

This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for …

monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct indeces of monetary policy surprises …