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The Return of the Long-Run Phillips Curve

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

-run inflation-unemployment tradeoff. …

Persistent link: https://www.econbiz.de/10005822071

The European Phillips Curve: Does the NAIRU Exist?

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003

model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …

Persistent link: https://www.econbiz.de/10005566739

A Reappraisal of the Inflation-Unemployment Tradeoff

Snower, Dennis; Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …

Persistent link: https://www.econbiz.de/10005761764

Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy

Snower, Dennis J.; Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2002

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation …

Persistent link: https://www.econbiz.de/10005566827

Hyperbolic Discounting and the Phillips Curve

Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008

hyperbolic discounting leads to inflation having significant long-run effects on real variables. …

Persistent link: https://www.econbiz.de/10005763519

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Coibion, Olivier; Gorodnichenko, Yuriy; Kueng, Lorenz; … - Institute for the Study of Labor (IZA) - 2012

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....

Persistent link: https://www.econbiz.de/10010884139

Public-Private Sector Wage Differentials by Type of Contract: Evidence from Spain

Ramos, Raul; Sanromá, Esteban; Simón, Hipólito - Institute for the Study of Labor (IZA) - 2014

The article examines public-private sector wage differentials in Spain using microdata from the Structure of Earnings Survey (Encuesta de Estructura Salarial). When applying various decomposition techniques, we find that it is important to distinguish by gender and type of contract. Our results...

Persistent link: https://www.econbiz.de/10010884225

Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006

Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...

Persistent link: https://www.econbiz.de/10005703211

An Anatomy of the Phillips Curve

Snower, Dennis; Karanassou, Marika - Institute for the Study of Labor (IZA) - 2002

The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …

Persistent link: https://www.econbiz.de/10005763545

To Shape the Future: How Labor Market Entry Conditions Affect Individuals' Long-Run Wage Profiles

Brunner, Beatrice; Kuhn, Andreas - Institute for the Study of Labor (IZA) - 2009

We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals entering the Austrian labor market between 1978 and 2000. We find a robust negative effect of unfavorable entry conditions on starting wages. This initial effect turns out to be quite...

Persistent link: https://www.econbiz.de/10008514862