As the US labor market has tightened beyond full employment with relatively little evidence
of inflation pressure, observers are increasingly inclined to declare the demise of the Phillips …

We develop a fast, tractable, and robust method for solving the transition path of dynamic
rational inattention problems in linear-quadratic-Gaussian settings. As an application of our …

Fossil fuels dominate the current energy and chemicals' supply and this leads to a rapid
growth in global greenhouse gas emissions. One mitigation option is using renewable …

This paper examines the presence of nonlinearities in the Phillips curve. We allow for a
flexible form of nonlinearity and estimate a threshold regression model with the number and …

We document that, during the COVID-19 era, the inflation expectations of Democrats
remained strongly anchored, while those of Republicans did not. Republicans' expectations …

This report examines the behavior of inflation in the United States since 1984 (updating
Cecchetti et al.(2007)). Over this period, the change in inflation is negatively serially …

The role of long-term unemployment in inflationary pressures has been examined in
academic studies and discussed by policymakers. I demonstrate econometric weaknesses …

Nominal wage growth in most advanced economies remains markedly lower than it was
before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown …

The response of US inflation to the high levels of spare capacity during the Great Recession
of 2007–09 was rather muted. At the same time, some have argued that the short-term …

We develop a theoretical model that features a business cycle‐dependent relation between
output, price inflation and inflation expectations, augmenting the model by Svensson (1997) …