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employment level, unemployment level, number of work places (market capacity) and number of vacant work places. Secondary factors … as employment, unemployment and wages can be connected not with economic situation, but with the equalization processes …
Persistent link: https://www.econbiz.de/10008529204
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …
Persistent link: https://www.econbiz.de/10005136781
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
investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …
Persistent link: https://www.econbiz.de/10009367975
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 globalisation and the intensive economic and social integration incredibly activate people’s mobility. Bulgaria has been facing migration problems with the political, economical and social transformation since 1990, which completely changed the labour mobility environment. As a result,...
Persistent link: https://www.econbiz.de/10011111007
unemployment – inflation space. …
Persistent link: https://www.econbiz.de/10009325625
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
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
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