which ﾑobservedﾒ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation … Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage … coordination and higher union density flatten the Phillips curve and increase the inflation response to the real exchange rate, i …

case of female unemployment and the degree of persistence is higher in the cases of female and youth unemployment series …

endogenous variables and nonadditive errors in the outcome equation. It is suitable, e.g., for estimation of the average returns …

for services sectors. It reflects national inflation and productivity growth, while labour market tightness is negligible …

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation …. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect … subsequent monthly consumption decisions relative to those in a control group. The causal effects of elevated inflation …