using ARCH. Then the stochastic simulation methodology is extended to the ARCH process and Treasury Bond call options are … small effect, while the different simulation procedures have a large effect on the value of Treasury Bond call options. …

contributions of prices, unemployment, replacement rates and taxes by means of an econometrically estimated non-linear wage equation … past times of low productivity, price inflation and reductions in unemployment put significant upward pressure on wage …

investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …

to the reference value around 4.5%. As a result of the policy, during the last ten years unemployment in France was twice …A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF …. The relationship obtained for France is characterized by A0=-1, A1=4, A2=0.095, t0=4 years, and t1=4 years. For GDP …

and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and …

growth and unemployment rates. In our growth model we show that enhanced foreign financial market penetration should increase …

the correlation between inflation and unemployment. Analyses based on simulations using the Bank's multicountry model …