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downward rigidity of wages and grease or sand effects of positive levels of inflation. -- Phillips Curve ; unemployment ; panel …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 …
Persistent link: https://www.econbiz.de/10003035532
the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical … and inflation, while the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the …
Persistent link: https://www.econbiz.de/10003879334
This study uses 1971-2013 panel data to explore the implications of growth, wealth disparities and energy consumption …
Persistent link: https://www.econbiz.de/10011816704
. We implement panel threshold techniques to explore the possible regime shifts in the environmental quality. Our results …
Persistent link: https://www.econbiz.de/10014582291
estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014545239
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …
Persistent link: https://www.econbiz.de/10003878210
inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …
Persistent link: https://www.econbiz.de/10012491801
The COVID-19 pandemic has led to an explosion of research using private-sector datasets to measure business dynamics and employment in real-time. Yet questions remain about the representativeness of these datasets and how to distinguish business openings and closings from sample churn - i.e.,...
Persistent link: https://www.econbiz.de/10013358712
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...
Persistent link: https://www.econbiz.de/10011997295