The Inexorable and Mysterious Trade-off Between Inflation and Unemployment

By Gregory Mankiw. 2001

519 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ca341320b8e36515baf0e05f672f60f65b0e5c96

Citations in the corpus

Disinflation in a DSGE perspective: sacrifice ratio or welfare gain ratio? (2012, unknown): “Mankiw (2001) also forcefully expresses the view that standard sticky price models cannot deliver in ation persistence and thus justify the costs of disin ation.”
Modeling Inflation Dynamics: A Critical Review of Recent Research (2007, unknown): “In addition, Mankiw (2001) critiques these models on the grounds that they fail to generate reasonable responses to monetary policy shocks.”
European in#ation dynamics (2001, unknown): “Overall, the output-gap based Mankiw (2000) has recently emphasized that Eq.”
Inflation Dynamics and the Great Recession (2011, unknown): “A number of authors show that this Phillips curve fits the data poorly (e.g. Gali and Gertler, 1999; Mankiw, 2001).”
Inflation Targeting in Emerging Economies: Panel Evidence (2010, unknown): “4 As Mankiw (2001) says: “The [inflation-unemployment] tradeoff is inexorable”
Testing the Sticky Information Phillips Curve (2010, unknown): “1 See Christiano, Eichenbaum, and Evans (1999).”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, unknown): “Finally, transform these instruments to the optimal instruments ̃ Z t o for E t−1 [ h t ( ϑ 0 ) ] = 0, which are given by ̃ Z t o = ϕ ( L ) −1 Z t o = ∑ j=0 ∞ ϕ j Z t−j o .”
Estimated General Equilibrium Models for the Evaluation of Monetary Policy in the Us and Europe (2005, unknown): “…policy transmission mechanism, based on correlations of inflation, output gaps and interest rates, often suggest that the peak response of inflation to a monetary shock comes two years after the shock (see, for example, Mankiw (2000) for a discussion of the evidence underlying this stylized fact).”