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unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …
Persistent link: https://www.econbiz.de/10012456944
conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching … working part time who want a full-time job) and the extent of hidden unemployment (that is, people who are not actively ….S. labor market slack and show that underemployment and hidden unemployment currently account for the bulk of the U …
Persistent link: https://www.econbiz.de/10012457572
document that large inflationary spikes appear to help unemployment to get back to pre-crisis levels. However, the counterpart …. This suggests that currency depreciation can help reduce unemployment only insofar as it is associated with inflation, and …
Persistent link: https://www.econbiz.de/10012458979
rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …
Persistent link: https://www.econbiz.de/10012460567
's mandate-consistent rate and the latter's target, respectively, and their unemployment forecasts were above sustainable rates …
Persistent link: https://www.econbiz.de/10012460835
which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model …
Persistent link: https://www.econbiz.de/10012462135
model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …
Persistent link: https://www.econbiz.de/10012462779
This paper describes a new data set of the forecasts of output growth, inflation, and unemployment prepared by …
Persistent link: https://www.econbiz.de/10012463441
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.<br><br>We proceed in two steps. We first … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …
Persistent link: https://www.econbiz.de/10012464750
We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment … the public is willing to accept in terms of unemployment for inflation, at least in terms of keeping the average level of …
Persistent link: https://www.econbiz.de/10012465017