This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity …

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …

productivity growth linked to the delayed effects of previously invented 'general purpose technologies' stimulated an increase in … fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account … for low inflation in both decades. The uncanny parallel of the stock market boom, bubble, and collapse in 1995-2001 as in …

competition to influence domestic inflation. By comparing the unrestricted and restricted specifications, we provide evidence that … foreign competition plays an important role in accounting for the behavior of inflation in the traded goods sector. Our … inflation in the 1990s. Our results also provide evidence against demand curves with a constant elasticity in the context of …

unemployment-inflation tradeoff might indicate not something to be exploited but instead only policy-makers' correctly …

concentrated in the second year after the shock. (2) Inflation responses are more varied. The median CPI inflation response peaks … consumer price inflation. Evidence of sustained inflation (as in the case of Germany) therefore must reflect a favorable … cumulative inflation and real growth responses, some countries such as Italy, France and Japan have fared well when faced with …

channel through which monetary policy lowers the volatility of inflation and, even more importantly, output. …

firms) and a measure of wage entitlement are critical to fit the dynamic responses of hours, wages and inflation to various … significant fall of inflation and nominal wage growth in response to a neutral technology shock. …