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Employment, unemployment and real economic growth
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2011
We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real GDP per capita. All empirical relationships estimated in...
Persistent link: https://www.econbiz.de/10009220106
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Unemployment and inflation in Western Europe: solution by the boundary element method
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2009
Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …
Persistent link: https://www.econbiz.de/10005837146
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Relationship between inflation, unemployment and labor force change rate in France: cointegration test
Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … and labor force and between unemployment and labor force are tested separately in appropriate time intervals, where the … properties of error terms. The confirmed validity of the linear lagged relationship between inflation, unemployment and labor …
Persistent link: https://www.econbiz.de/10005835964
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A win-win monetary policy in Canada
Kitov, Oleg; Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2011
unemployment to the change in the level of labour force in Canada. Inherently, our model belongs to the class of Phillips curve … uncorrelated noise and systematic errors. Our previous model of inflation and unemployment in Canada is enhanced by the … price inflation accompanied by a substantial fall in the rate of unemployment. Therefore, the new monetary policy in Canada …
Persistent link: https://www.econbiz.de/10008927057
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The Australian Phillips curve and more
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2011
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor …
Persistent link: https://www.econbiz.de/10008836412
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Inflation and unemployment in Switzerland: from 1970 to 2050
Kitov, Oleg; Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2011
An empirical model is presented linking inflation and unemployment rate to the change in the level of labour force in …
Persistent link: https://www.econbiz.de/10008839473
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Modelling and predicting labor force productivity
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2009
Labor productivity in Turkey, Spain, Belgium, Austria, Switzerland, and New Zealand has been analyzed and modeled. These counties extend the previously analyzed set of the US, UK, Japan, France, Italy, and Canada. Modelling is based on the link between the rate of labor participation and real...
Persistent link: https://www.econbiz.de/10005014716
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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