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Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2006

The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...

Persistent link: https://www.econbiz.de/10005187342

Oil Price Shocks, Monetary Policy and Stagflation

Kilian, Lutz - C.E.P.R. Discussion Papers - 2009

shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …

Persistent link: https://www.econbiz.de/10005016247

Monetary policy rules, macroeconomic stability and inflation: a view from the trenches

Orphanides, Athanasios - European Central Bank - 2001

I estimate a forward-looking monetary policy reaction function for the Federal Reserve for the periods before and after Paul Volcker's appointment as Chairman in 1979, using information that was available to the FOMC in real time from 1966 to 1995. The results suggest broad similarities in...

Persistent link: https://www.econbiz.de/10005344906

The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations

Orphanides, Athanasios; Williams, John C - C.E.P.R. Discussion Papers - 2005

, inflation expectations would have remained anchored and the stagflation of the 1970s would have been avoided. Indeed, we find …

Persistent link: https://www.econbiz.de/10005662108

Monetary Policy and Stagflation in the UK

Nelson, Edward; Nikolov, Kalin - C.E.P.R. Discussion Papers - 2002

the outbreak of stagflation. We examine alternative hypotheses with a New Keynesian model of aggregate demand and …

Persistent link: https://www.econbiz.de/10005667056

Business cycles and policy making in social insurance systems the case of Iran (1962-2004)

Nikopour, Hesam - Volkswirtschaftliche Fakultät, … - 2005

- will be analyzed. Results indicate that stagflation situation in Iran’s economy and adjusting minimum wages according to …

Persistent link: https://www.econbiz.de/10005787225

Inflation as restructuring. A theoretical and empirical account of the U.S. experience

Nitzan, Jonathan - Volkswirtschaftliche Fakultät, … - 1992

restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the … modest stagflation, whereas the second, post-1970 regime consisted of stable (or even declining) concentration amidst severe … stagflation. …

Persistent link: https://www.econbiz.de/10005789620

Consumer durables as investments that can help us out of the current economic crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...

Persistent link: https://www.econbiz.de/10005836404

The scientist and the church

Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2005

The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...

Persistent link: https://www.econbiz.de/10005836969

Das Stagflationsproblem und Europa

Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 1995

union. It is argued that wage pressure will not be diminished by forming the union, and the stagflation problem that lies at …

Persistent link: https://www.econbiz.de/10008506467