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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

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

The Chilean Labor Market: Job Creation, Quality, Inclusiveness, and Future Challenges

Parro, Francisco; Reyes, Loreto - Volkswirtschaftliche Fakultät, … - 2013

unemployment insurance. We show that a combination of economic growth and specific policies seems to be the driving force behind …

Persistent link: https://www.econbiz.de/10011258725

A Decade of Economics Reforms: Whither Employment?

Mukherjee, Dipa - Volkswirtschaftliche Fakultät, … - 2007

Employment creation and wage security have been primary goals of developing countries. The present paper analyses the wage-employment scenario in India in the post-reform period. The workforce structure is exhibiting upward mobility across wage classes, moving towards regular employment, and...

Persistent link: https://www.econbiz.de/10005836043

Accelerated Technological Progress - An Explanation for Wage Dispersion and a Possible Solution to the Productivity Paradox

Nikutowski, Oliver - Volkswirtschaftliche Fakultät, … - 2007

Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...

Persistent link: https://www.econbiz.de/10005187360

Diseguaglianza, conflitto sociale e sindacati in America

Lettieri, Antonio - Volkswirtschaftliche Fakultät, … - 2012

structurally distorted in the institutions and policies of American industrial relations. The fall of the ‘social contract’ is the …

Persistent link: https://www.econbiz.de/10011260788

Efficiency wage setting, labor demand, and Phillips curve microfoundations

Campbell, Carl - Volkswirtschaftliche Fakultät, … - 2011

unemployment – inflation space. …

Persistent link: https://www.econbiz.de/10009325625

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

Exploitability as a Specification Test of the Phillips Curve

Minford, Patrick; Peel, David - C.E.P.R. Discussion Papers - 2002

Nominal price and wage rigidity renders monetary policy effective over output. However, this effectiveness extends, under widely used overlapping-wage and Calvo-contract Phillips Curves, to planned monetary policy (‘exploitability’) and not merely to policy surprises. We argue that within...

Persistent link: https://www.econbiz.de/10005662276

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

Krause, Michael; López-Salido, J David; Lubik, Thomas - C.E.P.R. Discussion Papers - 2008

The New Keynesian Phillips curve explains inflation dynamics as being driven by current and expected future real marginal costs. In competitive labour markets, the labour share can serve as a proxy for the latter. In this paper, we study the role of real marginal cost components implied by...

Persistent link: https://www.econbiz.de/10005792530