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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 Tacit Monetary Policy of the Gulf Countries: Is There a Remittances Channel?
Termos, Ali; Genc, Ismail H.; Naufal, George S - Institute for the Study of Labor (IZA) - 2015
The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of monetary policy, and the adoption of the U.S. dollar as the trading currency for oil. This paper examines how these dynamics result in a misalignment of the U.S. monetary...
Persistent link: https://www.econbiz.de/10011202987
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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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Unintended Effects of National-based Active Labour Market Policies
Altavilla, Carlo; Caroleo, Floro Ernesto - Institute for the Study of Labor (IZA) - 2009
-augmented vector autoregression (FAVAR) to evaluate whether active labour market programs (ALMPs) might asymmetrically affect labour …
Persistent link: https://www.econbiz.de/10005761624
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Oil Price Shocks and Labor Market Fluctuations
Ordóñez, Javier; Sala, Hector; Silva, José I. - Institute for the Study of Labor (IZA) - 2010
We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...
Persistent link: https://www.econbiz.de/10008548709
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The Responsiveness of Remittances to the Oil Price: The Case of the GCC
Naufal, George; Termos, Ali - Institute for the Study of Labor (IZA) - 2009
the price of crude oil. Most of the GCC countries rank in the top 20 remitting countries in the world. We find that oil …
Persistent link: https://www.econbiz.de/10005039650
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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, Hashem - Institute for the Study of Labor (IZA) - 2009
money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10008527294
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Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? Deutschland im Vergleich mit der EU und den USA
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009
Europäischen Union und in den USA in der aktuellen Wirtschaftskrise. Dazu werden zwei Szenarien simuliert: erstens ein …
Persistent link: https://www.econbiz.de/10008550505