Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …

that policies with good frames, including inflation targeting, can mitigate the sacrifice ratio. …

deflations and intervening inflation – were the most powerful determinant of the level of real wages (i.e., in terms of the …’ by the post-Plague inflation, so that real wages fell. Conversely, the rise of real wages in the second quarter of the … 1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers …

undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and …

We propose a new methodology for ranking in probability the commonly proposed drivers of inflation in the New Keynesian … to labor share, output gap or unemployment rate as the driver of U.S. inflation. …

-off between the U.S inflation rate and a Unit Labor Cost-based measure of the real activity through a Markov Switching Intercept … the rationality in the agents' expectations process. It underlies a finite number of expected inflation rate regimes … structural stability of the NKPC over the inflation rate regimes as its deep parameters seem to be unaffected by the regimes …

and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and … estimated with eight new readings obtained since 2004. The rate of CPI inflation is predicted with RMSFE=1.5% per year. For the …