Showing 1 - 10 of 12
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …
Persistent link: https://www.econbiz.de/10005835658
April 16, 2012. "Hawks, Doves, Bubbles, and Inflation Targets" Presented at the George S. Eccles Distinguished Lecture …
Persistent link: https://www.econbiz.de/10010727321
deflation, l) we argue and show how to implement a more effective policy looking to the inflation differentials of specific … reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue …
Persistent link: https://www.econbiz.de/10011261122
We examine the relationship between inflation and unemployment in the long run, using quarterly US data from 1952 to … 2010. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads … Berentsen, Menzio, and Wright (2011): the relationship between inflation and unemployment is positive in the long run. …
Persistent link: https://www.econbiz.de/10009294948
This study analyses the impact of macroeconomics variables on the dynamism of labour market in Cameroon. To attend our objectives, the elasticity of employment of used firstly to analyze effective employed correlation and economic growth. Secondly, the determinants of this elasticity were...
Persistent link: https://www.econbiz.de/10009403464
One of the key drivers for the policy makers is the tie-up between price inflation and unemployment. In relevance to … the economic theories in yester years, Phillips Curve has witnessed negative relationship between inflation and … unemployment in many economies. This has an implication that if government seeks to reduce the unemployment then the inflation goes …
Persistent link: https://www.econbiz.de/10009369625
be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …
Persistent link: https://www.econbiz.de/10005837539
The paper explores the existence and the stability of Phillips curve for North Cyprus, a small developing economy, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration have been used to explore the long run relation and ECM...
Persistent link: https://www.econbiz.de/10008805480
An empirical model is presented linking inflation and unemployment rate to the change in the level of labour force in … predictions of the inflation rate on a three year horizon. The results are coherent with the models estimated previously for the … US, Japan, France and other developed countries and provide additional validation of our quantitative framework based …
Persistent link: https://www.econbiz.de/10008839473
April 17, 2013. Presentation. "Some Unpleasant Implications for Unemployment Targeters." 22nd Annual Hyman P. Minsky Conference, New York, N.Y.
Persistent link: https://www.econbiz.de/10010727362