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The Post-Crisis Phillips Curve: A New Empirical Relationship between Wage and Inflation
Voinea, Liviu - 2019
In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative wage gap, meaning the cumulative gap between the current wage and a maximum peak wage value in the past. In a crisis, people relate to their peak gains in the immediate past....
Persistent link: https://www.econbiz.de/10011956715
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Prediction intervals for inflation and unemployment rate in Romania. A Bayesian approach
Simionescu, Mihaela - 2017
The main aim of this paper is to provide forecast intervals for inflation and unemployment rate in Romania, bringing …
Persistent link: https://www.econbiz.de/10011662697
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The societal costs of inflation and unemployment
Popova, Olga; See, Sarah Grace; Nikolova, Milena; … - 2023
, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While …What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …
Persistent link: https://www.econbiz.de/10014388401