. -- 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 …

We examine the relationship between wage inflation and the unemployment rate in the U.S. economy for the 1964 … between wage inflation and unemployment … relationship changes when the unemployment rate transitions between regimes defined by 5.61% and 7.63%. During mild recessions and …

, 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 …

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 …

modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of … any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU …-mechanisms" which could lead to permanent shifts of equilibrium unemployment over time, implying that an unique long run NAIRU may not …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

address two inflation puzzles: missing deflation during the Great Recession and the subsequent missing inflation. When the … the model address the inflation puzzles as well as matching micro evidence on wage adjustments …

This paper analyzes the effects of nominal wage rigidity on inflation persistence and unemployment using a dynamic … open economy, allowing to simultaneously introduce nominal wage rigidity and unemployment in the labor market. Our main … provides estimates of the nominal wage rigidity implications on unemployment. Indeed, in a context of wage rigidity, a …