contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high … incomes experience guilt. The former seek to raise their income, and latter seek to reduce it. The greater the inflation rate …, a rise in the inflation rate leads workers to supply more labor over the contract period, generating a significant …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …

not efficient. Inflation is detrimental to unemployment. …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

This paper introduces two composite indices of globalisation. The first is based on the Kearney/Foreign Policy magazine … and the second is obtained from principal component analysis. They indicate the level of globalisation and show how … globalisation has developed over time for different countries. The indices are composed of four components: economic integration …

In this research, the relationship between globalisation and poverty and income inequality is determined. A whole new … globalisation index has been constructed based on data covering a large sample of 65 developing countries. The index is based on the … globalisation index proposed by A.T. Kearney / Foreign Policy Magazine. The index is composed of four subindices, namely: economic …