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The 2008 Nobel prize for economics was awarded to Paul Krugman for three papers - Krugman (1979, 1980, 1991). In this paper we illustrate that, indeed, these three papers are closely connected. We present - a summary of - the papers using a unified framework. Central in the discussion is the...
Persistent link: https://www.econbiz.de/10003806736
the regional and skill dimension of mismatch unemployment, we find a substantial increase of mismatch unemployment for …
Persistent link: https://www.econbiz.de/10012514547
Persistent link: https://www.econbiz.de/10009781501
unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … cyclical behaviour of stocks and flows in the labour market also without search frictions. In periods of high unemployment …
Persistent link: https://www.econbiz.de/10012026458
affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …
Persistent link: https://www.econbiz.de/10011409983
prototypical framework is that voters discount their memories about unemployment and inflation at a constant rate. Yet starting …
Persistent link: https://www.econbiz.de/10011350208
high during 2016-2019, keeping inflation below the Reserve Bank's target band. Optimal monetary policy in 2016-2019 would …
Persistent link: https://www.econbiz.de/10013380620
Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces … unemployment which is calibrated for the US economy. Interestingly, both employment and the growth rate may even increase with the … rate of inflation depending on the elasticity of labor supply. Considering the transition dynamics following a change in …
Persistent link: https://www.econbiz.de/10009781573
with simulations. Two examples based on European unemployment and inflation series are used to illustrate the virtue of the …
Persistent link: https://www.econbiz.de/10003966437
Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … the Schröder government. While the results for the former show the known pattern, neither unemployment nor inflation is … price stability in Germany. -- government popularity ; popularity function ; Germany ; unemployment ; inflation …
Persistent link: https://www.econbiz.de/10003923218