In Ireland the link between real disequilibrium (such as the unemployment gap) and inflation (either price or wage) is … blurred by external factors, operating through traded goods price inflation. Attempts to extract information about the … unobservable NAIRU from aggregate inflation measures, such as the HICP or wages inflation, are likely to be swamped by these …

of households in response to price changes in most years. -- price ; inflation ; equivalent income ; welfare ; linear …

Ireland and Switzerland both had rising inflation during the early 1970s, but their experiences diverged thereafter, so … that they form a rare example of two countries whose inflation rates are poorly correlated with one another over the Great … Inflation period. In addition, each of the two countries' records is anomalous in important respects relative to other economies …