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Tertiarisation of the Indian labour market: a new growth engine or sending distress signals?
Mukherjee, Dipa; Majumder, Rajarshi - Volkswirtschaftliche Fakultät, … - 2008
Tertiarisation of labour market has globally been associated with economic progress. But in developing countries, labour market deformities may push people into service economy out of distress also. This paper examines the tertiarisation process in Indian labour market to bring out the reasons...
Persistent link: https://www.econbiz.de/10005616990
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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
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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
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Upgrading or polarization? Occupational change in Britain, Germany, Spain and Switzerland, 1990-2008
Oesch, Daniel; Rodriguez Menes, Jorge - Volkswirtschaftliche Fakultät, … - 2010
wage-setting institutions? Our analysis reveals massive occupational upgrading that closely matches educational expansion … suggest that wage-setting institutions play an important role, channelling technological change into more or less polarized …
Persistent link: https://www.econbiz.de/10008592967
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Efficiency wage setting, labor demand, and Phillips curve microfoundations
Campbell, Carl - Volkswirtschaftliche Fakultät, … - 2011
unemployment – inflation space. …
Persistent link: https://www.econbiz.de/10009325625
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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
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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
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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
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Education, growth and income inequality
Teuling, Coen; Rens, Thijs van - Department of Economics and Business, Universitat … - 2001
Estimates of the e¤ect of education on GDP (the social return to education)have been hard to reconcile with micro evidence on the private return. We present a simple explanation that combines two ideas: imperfect substitution between worker types and endogenous skill biased technological...
Persistent link: https://www.econbiz.de/10005704916
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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