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Is the Phillips Curve of Germany Spurious?
Quaas, Georg; Klein, Mathias - Volkswirtschaftliche Fakultät, … - 2010
A simple plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate …-integration of wage rate changes and unemployment rate is not the argument that could be drawn on to sustain this scepticism. On the … separated components support Phillips’ hypothesis of a negative relationship between wage rate changes and the unemployment rate. …
Persistent link: https://www.econbiz.de/10008693556
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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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Der Beitrag alternativer NAIRU-Kurven zur Erklärung der Inflation
Quaas, Georg; Klein, Mathias - Volkswirtschaftliche Fakultät, … - 2010
The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a major concept in (monetary) economics in predicting … changes in the inflation rate. As the inflation neutral unemployment rate is an unobserved and, in the long run, a changing … changes in the unemployment rate or the labor productivity are necessary to forecast changes in the inflation rate accurately …
Persistent link: https://www.econbiz.de/10008685371
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Expectations, employment and prices: a suggested interpretation of the new 'farmerian' economics
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2010
This paper aims at providing a critical assessment of the new ‘Farmerian’ economics, i.e. the recent Farmer’s attempt to provide a new micro-foundation of the General Theory grounded on modern search and business cycle theories. Specifically, I develop a theoretical model that summarizes...
Persistent link: https://www.econbiz.de/10009021709
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Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2015
the social elasticity of the matching function with respect to unemployment. …
Persistent link: https://www.econbiz.de/10011157018
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A demand-driven search model with self-fulfilling expectations: The new `Farmerian' framework under scrutiny
Gelain, Paolo; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we implement Bayesian econometric techniques to analyze a theoretical framework built along the lines of Farmer's micro-foundation of the General Theory. Specifically, we test the ability of a demand-driven search model with self-fulfilling expectations to match the behaviour of...
Persistent link: https://www.econbiz.de/10011109526
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On involuntary unemployment: notes on efficiency-wage competition
Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2012
This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...
Persistent link: https://www.econbiz.de/10011109551
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Profit als Rente. Anmerkungen zu einer pro-kapitalistischen Entwicklungstheorie
Quaas, Georg - Volkswirtschaftliche Fakultät, … - 2014
Profit as rent: Some remarks about a pro-capitalist theory of development This study discusses several of the economic cornerstones of the contribution made by Hartmut Elsenhans to the so-called Global Keynesianism. Included are his unique definition of profits and rents; the thesis of net...
Persistent link: https://www.econbiz.de/10011110240
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The Cyclical Volatility of Equilibrium Unemployment and Vacancies: Evidence from Italy
Cardullo, Gabriele; Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2013
In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is …
Persistent link: https://www.econbiz.de/10011111175
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Massenkonsum oder Unterentwicklung in der "Dritten Welt"? Randbemerkungen zu den polit-ökonomischen Thesen von Hartmut Elsenhans
Quaas, Georg - Volkswirtschaftliche Fakultät, … - 1993
Mass consumption and underdevelopment in the „Third World“? Some remarks about the political economic theses of Hartmut Elsenhans The author‘s main thesis is that rising mass income is a precondition of capitalist growth. Without making any differences, he claims in the same article that...
Persistent link: https://www.econbiz.de/10011112816