' 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 …

I produce novel evidence on worker reallocation across employers and between employment and nonemployment/unemployment … exhibits a systematic positive relationship with wage inflation. …

. -- 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 …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …

linked to the monetary policy regime. Before and after the "Great Inflation", nominal wages moved in the same direction as … the (required) adjustment of real wages, and in the opposite direction of the price response. During the "Great Inflation … as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …

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 …

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 …