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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
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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
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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
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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
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Does Immigration Affect the Phillips Curve? Some Evidence for Spain
Bentolila, Samuel; Dolado, Juan J.; Jimeno, Juan F - Institute for the Study of Labor (IZA) - 2007
constant inflation. This change has been more pronounced than elsewhere. We argue that this stems from the immigration boom in … 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had not been largely offset by …
Persistent link: https://www.econbiz.de/10005233738
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The Unemployment Inflation Trade-Off in the Euro Area
Linzert, Tobias - Institute for the Study of Labor (IZA) - 2005
This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment that may account for a changing pattern in the unemployment inflation tradeoff. Moreover, it analyzes whether the …
Persistent link: https://www.econbiz.de/10005703542
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Hours and Wages in the Depression: British Engineering, 1926-1938
Hart, Robert A. - Institute for the Study of Labor (IZA) - 2000
On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time...
Persistent link: https://www.econbiz.de/10005822197
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The Beveridge Curve
Yashiv, Eran - Institute for the Study of Labor (IZA) - 2006
The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with...
Persistent link: https://www.econbiz.de/10005763504
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The Wage Curve: An Entry Written for the New Palgrave, 2nd Edition
Blanchflower, David G.; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2006
This paper summarizes evidence for the existence of a wage curve - a downward-sloping relationship between the level of pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1.
Persistent link: https://www.econbiz.de/10005763868
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Assessing the Impact of Incomes Policy: The Italian Experience
Pastore, Francesco - Institute for the Study of Labor (IZA) - 2010
on inflation; b) introducing growth generating mechanisms. …
Persistent link: https://www.econbiz.de/10008548711