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do not make a distinction between the relative impacts of short-term vs. long-term unemployment on wage inflation. Using …; declines in the unemployment rate below the average unemployment rate exert significantly higher wage pressure than changes in … the unemployment rate above the historical average. We also find that the short-term unemployment rate has a strong …
Persistent link: https://www.econbiz.de/10010942918
Persistent link: https://www.econbiz.de/10005346076
aggregate shock to simultaneously explain most movements involving unemployment, vacancies, job destruction, job creation, the …
Persistent link: https://www.econbiz.de/10009292898
the relationship between the suicide cycle and the unemployment cycle. Unlike previous aggregate time series studies, we … find that the relationship between the suicide rate and the unemployment rate is significantly and robustly positive for …
Persistent link: https://www.econbiz.de/10005706863
the late 1990s - despite low unemployment - chiefly because an unusually high markup allowed firms to increase wages … without raising prices. As the markup returns to normal, the recent unusually favorable unemployment -inflation trade-off can …
Persistent link: https://www.econbiz.de/10005490274
wedge. We also identify an asymmetric effect of separation, bargaining and matching frictions on unemployment, as well as a …
Persistent link: https://www.econbiz.de/10008679680
Persistent link: https://www.econbiz.de/10005514299
Much empirical work has documented a negative correlation between different measures of globalization or openness and …
Persistent link: https://www.econbiz.de/10005367952
Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...
Persistent link: https://www.econbiz.de/10005367953
The aim of this paper is to evaluate the impact of globalization, if any, on inflation and the inflation process. We … concluded that globalization has had no significant impact, this paper highlights that trying to capture globalization effects … trade volume statistics to properly describe the impact of globalization. This leads us to adopt a more systematic approach …
Persistent link: https://www.econbiz.de/10005367957