Jarocinski, M. and M. Lenza, (2015), “Output gap and Inflation Forecast in a Bayesian Dynamic Factor Model of the Euro Area”, forthcoming ECB Working Paper. King, R. and M.W. Watson, (2012), “Inflation and unit labour costs”, Journal of Money, Credit and Banking, 44(s2), 11–149.
Krueger, A., J. Cramer, and D.Cho, (2014), “Are the Long-Term Unemployed on the Margins of the Labor Market?”, Brookings Papers on Economic Activity, Vol. 48(1), 229–280. Macklem, T. (1997), “Capacity Constraints, Price Adjustment, and Monetary Policy”, Bank of Canada Review (Spring): 39–56. Mavroeidis, S., M. Plagborg-Møller and J.