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Has globalisation changed the Phillips curve? Firm-level evidence on the effect of activity on prices
Gaiotti, Eugenio - Volkswirtschaftliche Fakultät, … - 2008
It has been recently argued that the flattening of the Phillips curve, observed in the main industrial countries over the last two decades, is due to globalisation, which exposes domestic firms to fiercer international competition and severs the link between domestic demand and pricing. A more...
Persistent link: https://www.econbiz.de/10005837208
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Dynamics of Sticky Information and Sticky Price Models in a New Keynesian DSGE Framework
Arslan, Mesut Murat - Volkswirtschaftliche Fakultät, … - 2007
Recent literature on monetary policy analysis extensively uses the sticky price model of price adjustment in a New Keynesian Macroeconomic framework. This price setting model, however, has been criticized for producing implausible results regarding inflation and output dynamics. This paper...
Persistent link: https://www.econbiz.de/10005621721
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Does Banque de France control inflation and unemployment?
Kitov, Ivan; KItov, Oleg - Volkswirtschaftliche Fakultät, … - 2013
We re-estimate statistical properties and predictive power of a set of Phillips curves, which are expressed as linear and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several relationships were estimated eight years ago. The change...
Persistent link: https://www.econbiz.de/10011109998
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Inflation, unemployment, and labour force. Phillips curves and long-term projections for Austria
Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2013
We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework. The change in labour force is the driving force representing economic activity in the Phillips curve. For Austria, this macroeconomic variable was first tested as a predictor of...
Persistent link: https://www.econbiz.de/10011110150
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Economic policy and the financial and economic crisis
Kowalski, Tadeusz - Volkswirtschaftliche Fakultät, … - 2011
the experiences of recent years and the conditions of the globalization in this time. The first Section contains an …
Persistent link: https://www.econbiz.de/10009322890
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Croatian monetary strategy in the conditions of globalization
Matić, Branko - Volkswirtschaftliche Fakultät, … - 2005
The author starts from the assumption that Croatia will access the European Union. Following assumption, he analyzes the possible scenarios of Croatian strategy based on the achievements the country’ s monetary policy, on the degree of acceptance of the convergence criteria and on...
Persistent link: https://www.econbiz.de/10005621538
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Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009
This paper considers developments which have necessitated greater involvement and a greater role for the central bank … legislation such as the Banking Act of 2009 which has not only introduced greater statutory powers for the central bank, but also … the Special Resolution Regime. As well as a consideration of arguments which are in favour of the central bank’s role as …
Persistent link: https://www.econbiz.de/10009323454
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Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009
This paper considers developments which have necessitated greater involvement and a greater role for the central bank … legislation such as the Banking Act of 2009 which has not only introduced greater statutory powers for the central bank, but also … the Special Resolution Regime. As well as a consideration of arguments which are in favour of the central bank’s role as …
Persistent link: https://www.econbiz.de/10005055515
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Trust in banks: a tentative conceptual framework
Butzbach, Olivier - Volkswirtschaftliche Fakultät, … - 2014
Since the 2007-08 crisis, banks in many countries have been facing what seems to be a serious “trust crisis”. This sharp decline in trust in banks and banking, the likely outcome of the near-collapse of banking systems during the crisis, is partly captured by a growing empirical literature....
Persistent link: https://www.econbiz.de/10011258380
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Inflation, unemployment, and labor force. Phillips curves and long-term projections for Japan
Kitov, Ivan; KItov, Oleg - Volkswirtschaftliche Fakultät, … - 2013
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the Phillips curve framework. As an extension to the Phillips curve, we represent both variables as linear functions of the change rate of labor force. All models were first estimated...
Persistent link: https://www.econbiz.de/10011260989