Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever measure of expected … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …

We investigate the role rates of return and rates of asset price decline play in explaining sources of productivity … somewhat downplay the role investment played relative to growth in multi-factor productivity in the UK and the US during 1995 … - 2000. Moreover, we show that more than half of the ICT contribution to labor productivity growth results from growth in …