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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10010276419
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The European Phillips curve: does the NAIRU exist?
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003
model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …
Persistent link: https://www.econbiz.de/10010265404
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The Return of the Long-Run Phillips Curve
Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10005822071
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The return of the long-run Phillips curve
Graham, Liam; Snower, Dennis J. - 2002
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10010265568
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A Reappraisal of the Inflation-Unemployment Tradeoff
Snower, Dennis; Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10005761764
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The European Phillips Curve: Does the NAIRU Exist?
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003
model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …
Persistent link: https://www.econbiz.de/10005566739
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An anatomy of the Phillips curve
Snower, Dennis J.; Karanassou, Marika - 2002
The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …
Persistent link: https://www.econbiz.de/10010265572
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Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2002
This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in …, we construct an empirical model of the Spanish economy and, in this context, we evaluate the long-run inflation-unemployment …
Persistent link: https://www.econbiz.de/10010276424
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The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
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An Anatomy of the Phillips Curve
Snower, Dennis; Karanassou, Marika - Institute for the Study of Labor (IZA) - 2002
The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …
Persistent link: https://www.econbiz.de/10005763545