job separations occur in the form of endogenous quits and layoffs that are unilaterally initiated whenever a worker's wage … productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient …

combine low inflation targets and high levels of wealth inequality …

combine low inflation targets and high levels of wealth inequality …

combine low inflation targets and high levels of wealth inequality. …

of regular wage adjustments within job spells. As the Argentine economy transitioned from low to high inflation, the …

the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor …

This paper discusses the likely evolution of U.S. inflation in the near and medium term on the basis of (1) past U ….S. experience with very low levels of inflation, (2) the most recent Japanese experience with deflation, and (3) recent U.S. micro … evidence on downward nominal wage rigidity. Our findings question the view that stable long-run inflation expectations and …

wage formation and inflation is used to illustrate this argument. …

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