Showing 1 - 10 of 1,291
We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in … relationships between inflation, unemployment, and labour force. As before, a structural break is allowed in these relationships …
Persistent link: https://www.econbiz.de/10011110150
their final manifestation in world financial markets, is explained using traditional economic theory. A three …
Persistent link: https://www.econbiz.de/10005836611
The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of...
Persistent link: https://www.econbiz.de/10008567642
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a … link between inflation, unemployment, and labor force has been also re-estimated and validated by new data. Labor force …
Persistent link: https://www.econbiz.de/10011260989
This paper demonstrates how to analytically characterize the set of rational expectations equilibria in a simple stochastic New Keynesian model with the zero lower bound. In this environment, purely forward-looking (non-history-dependent) monetary policies are not generally consistent with...
Persistent link: https://www.econbiz.de/10011107863
The financial turmoil that the 2007 subprime debacle of the US set into motion has raised a welter of puzzling questions for the policy makers across the world. The position seems all the more confusing in the Muslim world where the fast expanding Islamic finance operates in competition with the...
Persistent link: https://www.econbiz.de/10011111159
creative destruction process of the Lucas' view of business cycles theory. …
Persistent link: https://www.econbiz.de/10011257997
The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...
Persistent link: https://www.econbiz.de/10011259086
hand and inflation (short and long-term) on the other hand. Combing both data sets, factor analysis delivers (1) an … international stock market factor, (2) a common European uncertainty factor and (3) an US-inflation uncertainty factor. …
Persistent link: https://www.econbiz.de/10011259226
Monetary policy has become difficult to characterize or follow since 2007. A debate as to whether interest rate targets or monetary aggregate targets are better indicators of policy and prospective outcomes has given way to a new credit policy built on inflating the Federal Reserve (Fed) balance...
Persistent link: https://www.econbiz.de/10009367961