' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but …

. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching … labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …

strong support for concave shaped unemployment-gap and output-gap based Phillips curve specifications. Given the specific … form of concavity discovered in the Phillips curves, the low inflation rate experienced over the last couple of decades can …

, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … particular cases. We show that a contract length of about six quarters fits best the observed cyclical properties of wages and …

unemployment. This link becomes more evident when wage inflation is disaggregated at sectoral and occupational levels. Using … of 0.8 million online job vacancies. We find a weak trade-off between aggregated national-level wage inflation and … exogenous variations in local market unemployment as the main identification strategy, a negative correlation between vacancy …