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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
Linear relationships between inflation, unemployment, and labor force are obtained for two European countries - Austria … and France. The best fit models of inflation as a linear and lagged function of labor force change rate and unemployment … inflation for the next ten years. In France, inflation lags by four years behind labor force change and unemployment allowing …
Persistent link: https://www.econbiz.de/10005617026
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
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
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
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and …
Persistent link: https://www.econbiz.de/10011109998
infrastructure and its relation to the right to decent work, GDP, inflation and the unemployment rate is the pillar on which this …
Persistent link: https://www.econbiz.de/10011260387
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are … curve. This Phillips curve is characterized by a negative relation between inflation and unemployment and their synchronous … evolution: UE(t) = -0.94p(t) + 0.045. Effectively, growing unemployment has resulted in decreasing inflation since 1982. A …
Persistent link: https://www.econbiz.de/10005260050
structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …
Persistent link: https://www.econbiz.de/10009216353
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation Search Index (GISI) is assessed relative to 37 other...
Persistent link: https://www.econbiz.de/10009647210