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Assessing Australian monetary policy in the twenty-first century
Gross, Isaac; Leigh, Andrew - 2022
Using the Reserve Bank of Australia's MARTIN model we compare actual monetary policy decisions to a counterfactual in which the cash rate is set according to an optimal simple rule. We find that monetary policy played a crucial role in avoiding a potential recession in 2001 and mitigating the...
Persistent link: https://www.econbiz.de/10013373260
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A high-resolution lead-lag analysis of US GDP, employment, and unemployment 1977-2021 : Okun's law and the puzzle of jobless recovery
Seip, Knut Lehre; Zhang, Dan - In: Economies : open access journal 10 (2022) 10, pp. 1-16
Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …
Persistent link: https://www.econbiz.de/10013498938
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Okun's law and potential output
Lancaster, David; Tulip, Peter - 2015
Persistent link: https://www.econbiz.de/10013259543
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Assessing Australian monetary policy in the twenty-first century
Gross, Isaac; Leigh, Andrew - 2022
Using the Reserve Bank of Australia's MARTIN model we compare actual monetary policy decisions to a counterfactual in which the cash rate is set according to an optimal simple rule. We find that monetary policy played a crucial role in avoiding a potential recession in 2001 and mitigating the...
Persistent link: https://www.econbiz.de/10013380620
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Political-economic cycle models of economy of Greece
Tkáčová, Andrea; Gavurová, Beáta; Kováč, Viliam - In: Journal of business economics and management 19 (2018) 5, pp. 742-758
variables such as gross domestic product, unemployment rate and inflation rate. The eight linear regression models are developed …
Persistent link: https://www.econbiz.de/10012174949
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Disaggregating Okun's law : a case-study for Macedonia
Andonova, Danica Unevska; Petrovska, Magdalena - 2018
unemployment that is in line with this empirical regularity and the findings for the other emerging markets and regional peers. We … European debt crisis. When investigating whether various expenditure components of GDP may cause different unemployment … improve forecasting of unemployment. …
Persistent link: https://www.econbiz.de/10011981843
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Disaggregating Okun's law : a case-study for Macedonia
Unevska Andonova, Danica; Petrovska, Magdalena - In: Journal of central banking theory and practice 8 (2019) 1, pp. 183-207
unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat … components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the …
Persistent link: https://www.econbiz.de/10011965249
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Macroeconomic fluctuations in home countries and immigrants’ wellbeing : new evidence from Down Under
Ha Trong Nguyen; Duncan, Alan S. - 2015
Persistent link: https://www.econbiz.de/10011342117
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How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output
Herkenhoff, Kyle - 2016
We empirically and theoretically examine how consumer credit access affects displaced workers. Empirically, we link administrative employment histories to credit reports. We show that an increase in credit limits worth 10% of prior annual earnings allows individuals to take .15 to 3 weeks longer...
Persistent link: https://www.econbiz.de/10012456401
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Household Debt and Business Cycles Worldwide
Mian, Atif R. - 2015
unemployment, and negative growth forecasting errors in a panel of 30 countries from 1960 to 2012. Consistent with the "credit …
Persistent link: https://www.econbiz.de/10012457088