distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

governments in economic growth and low unemployment in order to win elections, there should be a link between political business …-groups theory and the endeavors of governments to win the majority of votes in elections could look like, before we perform a time …, governments and voters. As a result we discover a consistent behavior of the lobbies over the cycle that boils down to some kind …

unionization of parliamentary members has a negative impact on economic growth and at the same time increases inflation while … detrended unemployment remains unaffected. The effects are stable even after controlling for partisan politics. Thus, at least …

economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …

find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …

labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are … inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the …

inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark … demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …