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Explaining deviations from Okun's law
Foroni, Claudia; Furlanetto, Francesco - 2022
with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …
Persistent link: https://www.econbiz.de/10013332832
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Labour force participation in the euro area : a cohort based analysis
Balleer, Almut; Gómez Salvador, Ramón; Turunen, Jarkko - 2009
market institutions …
Persistent link: https://www.econbiz.de/10003865992
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Labor market institutions and the business cycle : unemployment rigidities vs. real wage rigidities
Abbritti, Mirko; Weber, Sebastian - 2010
This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … New Keynesian framework we argue that labor market institutions should be divided into those institutions that cause …
Persistent link: https://www.econbiz.de/10003972885
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The changing link between labor cost and price inflation in the United States
Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel - 2021
The link between US labor cost and price inflation has weakened notably over the past three decades. In this paper we document this decline and analyse potential contributing factors. We consider four important trends that have shaped the US economy of late: (i) improved anchoring of inflation...
Persistent link: https://www.econbiz.de/10012603076
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The link between labor cost and price inflation in the euro area
Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel - 2019
This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the euro area. Using country and sector quarterly data over the period 1985Q1-2018Q1 we find a strong link between labor cost and price inflation in the four major economies of the...
Persistent link: https://www.econbiz.de/10011975511
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Local institutional quality and economic growth : a panel-VAR analysis of Italian NUTS-3 regions
Corradini, Carlo - In: Economics letters 198 (2021), pp. 1-4
Persistent link: https://www.econbiz.de/10012605744
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Institutions and growth : a GMM/IV Panel VAR approach
Góes, Carlos - In: Economics letters 138 (2016), pp. 85-91
Persistent link: https://www.econbiz.de/10011615522
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What's up with the Phillips curve?
Del Negro, Marco; Lenza, Michele; Primiceri, Giorgio E.; … - 2020
The business cycle is alive and well, and real variables respond to it more or less as they always did. Witness the Great Recession. In ation, in contrast, has gone quiescent. This paper studies the sources of this disconnect using VARs and an estimated DSGE model. It finds that the disconnect...
Persistent link: https://www.econbiz.de/10012241237
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Macroeconomic forecasting and structural change
D'Agostino, Antonello; Gambetti, Luca; Giannone, Domenico - 2010
macroeconomic forecasts. We produce real time out-of-sample forecasts for inflation, the unemployment rate and the interest rate …
Persistent link: https://www.econbiz.de/10003971298
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Unemployment and labour-force participation in Sweden
Österholm, Pär - In: Economics letters 106 (2010) 3, pp. 205-208
Persistent link: https://www.econbiz.de/10003952075