A Two Regime Model of Inflation and Unemployment Fluctuations.

This paper is organized as follow. In section 2, I present a formal definition of the notions of regime and regime dynamics. In section 3, I discuss a dynamic model generating an endogenous unemployment price adjustment mechanism produced by Nickell, Layard and Jackman and extended in Day, Ferri and Greenberg. Then, two different employment regimes are introduced (section 4) and the regime dynamics properties of the model are analysed (section 5).

MoreLess

Year of publication:	2000
Authors:	Brida, J.G.
Subject:	INFLATION \| EMPLOYMENT \| PRICES

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Type of publication:	Book / Working Paper
Notes:	14 pages
Classification:	E31 - Price Level; Inflation; Deflation ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005646836