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employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …
Persistent link: https://www.econbiz.de/10011259909
inflation, economic activity, and budget deficit, was also performed. …
Persistent link: https://www.econbiz.de/10009325656
Conventional wisdom argues that the relation between central bank independence (CBI) and inflation is negative. However …, empirical studies based upon regressing inflation rates on CBI tend to reject this hypothesis and show that there is no negative … relationship. This article investigates the effect of CBI on inflation by quantile regression. The empirical result shows that the …
Persistent link: https://www.econbiz.de/10009004160
Institutions are important for the analysis of the association between the deficits and inflation. This study used …
Persistent link: https://www.econbiz.de/10011157004
We contrast the influence of demography and central bank independence on inflation. The recent demographic trends in … developed countries are shown to weight more on inflation than central bank independence, while the contrary stands for the …
Persistent link: https://www.econbiz.de/10005789482
government and economic activities is inflation perfectly guaranteed not to accelerate. A truly independent central bank is …
Persistent link: https://www.econbiz.de/10005790152
generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … adjust faster to the long-run equilibrium, while shocks to unemployment take longer to extinguish. Also, according to the …
Persistent link: https://www.econbiz.de/10005619682
This paper considers the formation of the urban formal ector wages in the presence of rural migration in a collective bargaining framework. We show in particular that the restoration of full employment in the presence of an informal sector can be implemented through a policy of subsidy depends...
Persistent link: https://www.econbiz.de/10011113522
infrastructure and its relation to the right to decent work, GDP, inflation and the unemployment rate is the pillar on which this …
Persistent link: https://www.econbiz.de/10011260387
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a … link between inflation, unemployment, and labor force has been also re-estimated and validated by new data. Labor force …
Persistent link: https://www.econbiz.de/10011260989