Showing 1 - 10 of 413
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
the countries in the region. Fourth, the estimated output gaps did not have any explanatory power on domestic inflation …
Persistent link: https://www.econbiz.de/10005260249
Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …
Persistent link: https://www.econbiz.de/10009647354
One of the key drivers for the policy makers is the tie-up between price inflation and unemployment. In relevance to … the economic theories in yester years, Phillips Curve has witnessed negative relationship between inflation and … unemployment in many economies. This has an implication that if government seeks to reduce the unemployment then the inflation goes …
Persistent link: https://www.econbiz.de/10009369625
I develop a structural model of inflation by combining two different models of price setting behavior: the sticky price … resultant SP/SI Phillips curve models inflation better than either the sticky price or sticky information models. The results …
Persistent link: https://www.econbiz.de/10005789618
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …
Persistent link: https://www.econbiz.de/10005835658
Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …
Persistent link: https://www.econbiz.de/10005836192
aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived … additional information in monetary aggregates -M1A and M2A- to predict inflation that were not contained in lags of output gap. …
Persistent link: https://www.econbiz.de/10005837077
confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …
Persistent link: https://www.econbiz.de/10005837208
be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …
Persistent link: https://www.econbiz.de/10005837539