Narrow search
Showing 1 - 10 of 23
Cover Image
Does Banque de France control inflation and unemployment?
Kitov, Ivan; KItov, Oleg - Volkswirtschaftliche Fakultät, … - 2013
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and …
Persistent link: https://www.econbiz.de/10011109998
Cover Image
Clusters and Loops of the German Phillips Curve
Quaas, Georg; Klein, Mathias - Volkswirtschaftliche Fakultät, … - 2010
plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate shows a picture …
Persistent link: https://www.econbiz.de/10008587820
Cover Image
Strain and the inflation - unemployment relationship: a conceptual and empirical investigation
Daianu, Daniel; Albu, Lucian-Liviu - Volkswirtschaftliche Fakultät, … - 1996
Economic theory tells that a command system allocates resources poorly because of the impossibility of economic calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies come into the open and a massive resource...
Persistent link: https://www.econbiz.de/10005837452
Cover Image
Unemployment in an estimated new Keynesian model
Galí, Jordi; Smets, Frank; Wouters, Rafael - Department of Economics and Business, Universitat … - 2011
We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Galí (2011a …,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable … output gap. In addition, the estimated model can be used to analyze the sources of unemployment fluctuations. …
Persistent link: https://www.econbiz.de/10008926996
Cover Image
Unemployment in an Estimated New Keynesian Model
Galí, Jordi; Smets, Frank; Wouters, Rafael - C.E.P.R. Discussion Papers - 2011
We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Galí (2011a …,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable … output gap. In addition, the estimated model can be used to analyze the sources of unemployment fluctuations. …
Persistent link: https://www.econbiz.de/10009024487
Cover Image
Efficiency wage setting, labor demand, and Phillips curve microfoundations
Campbell, Carl - Volkswirtschaftliche Fakultät, … - 2011
unemployment – inflation space. …
Persistent link: https://www.econbiz.de/10009325625
Cover Image
The Phillips curve as a more general model than the Wage Setting curve
Reynès, Frédéric - Centre de recherche en Économie (OFCE), Sciences … - 2010
This article studies the theoretical foundations of the two main structural wage equations proposed in the literature, namely the Phillips curve and the WS curve. It reinstates to a certain extent the wage Phillips curve by showing that the Phillips curve is preferable to the WS curve from a...
Persistent link: https://www.econbiz.de/10008692984
Cover Image
Efficacité de la politique économique et position dans le cycle: le cas de la défiscalisation des heures supplémentaires en France
Heyer, Eric - Centre de recherche en Économie (OFCE), Sciences … - 2010
The economic situation of all the major developed countries has changed significantly during the 2007-2010 period. Yet many economic policies have been kept in place. This is true in particular of a key measure in French government policy: tax reductions on overtime hours and their exemption...
Persistent link: https://www.econbiz.de/10008740260
Cover Image
Increasing returns and stability
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Increasing returns are an incontrovertible fact since Adam Smith hailed them as the very originators of wealth, yet they play havoc with general equilibrium. They fit, in marked contrast, nicely into the structural axiomatic framework. This indicates that it is worthwhile to replace the...
Persistent link: https://www.econbiz.de/10009278289
Cover Image
A Phillips Curve for the Dominican Republic
Cruz-Rodríguez, Alexis - Volkswirtschaftliche Fakultät, … - 2008
This paper has provided an empirical evidence to support the existence of the Phillips curve in the case of the Dominican Republic. The Phillips curve is estimated using data over the last forty years and includes a role for supply factors. The most striking feature of the model is the strong...
Persistent link: https://www.econbiz.de/10011109940