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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

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

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

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

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

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

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

Intertwined real and monetary stochastic business cycles

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012

There is no such thing as a real economy. The task, therefore, is to consistently reconstruct the fluctuations of employment and output from the interactions of real and nominal variables. The present paper does exactly this. No nonempirical concepts like utility, equilibrium, rationality,...

Persistent link: https://www.econbiz.de/10011259544

The Truly General Theory of Employment: How Keynes Could Have Succeeded

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2014

There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...

Persistent link: https://www.econbiz.de/10011259647

Taxes, profits, and employment: a structural axiomatic analysis

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012

Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of this system. Contrary to expectations, though, profit is neither well defined not fully understood. The frailty of the theoretical core is passed on to the subfields. This paper provides a...

Persistent link: https://www.econbiz.de/10011260990