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This Selected Issues paper on the United States explains the behavior of inflation and...

Previous tests for convexity in the Phillips curve have been biased because researchers have...

This Selected Issues paper analyzes labor market asymmetries and macroeconomic adjustment in...

The empirical analysis indicates that in the Federal Republic the unemployed primarily influence...

The methodology used in this paper has three distinguishing features: the natural rate of...

This paper presents empirical estimates of the policy and structural determinants of the natural...