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Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006
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
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Derivation and Estimation of a Phillips Curve with Sticky Prices and Sticky Information
Arslan, Mesut Murat - Volkswirtschaftliche Fakultät, … - 2005
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
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Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options
Kemp-Benedict, Eric - Volkswirtschaftliche Fakultät, … - 2014
In the face of increasingly likely dangerous climate change, many developing countries are designing green economy or low-emissions development strategies, but are simultaneously on a course of investment locking them into high-emission infrastructure. Meanwhile, many high-income countries are...
Persistent link: https://www.econbiz.de/10011107311
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Keynes’s missing axioms
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and not general. The quest for a comprehensive formal basis is guided by the question: what is the minimum set of foundational propositions for a consistent reconstruction of the...
Persistent link: https://www.econbiz.de/10009220654
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How to end to the debt crisis in one month
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
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Price Rigidity and Flexibility: New Empirical Evidence
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
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Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...
Persistent link: https://www.econbiz.de/10005836083
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Price Rigidity and Flexibility: Recent Theoretical Developments
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108
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Sticky Wages, Incomplete Pass-Through and Inflation Targeting: What is the Right Index to Target?
Abo-Zaid, Salem - Volkswirtschaftliche Fakultät, … - 2009
This paper studies optimal monetary policy in a small open economy with Inflation Targeting, incomplete pass …
Persistent link: https://www.econbiz.de/10005108452
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Holiday Price Rigidity and Cost of Price Adjustment
Levy, Daniel; Müller, Georg; Chen, Haipeng; Bergen, Mark; … - Volkswirtschaftliche Fakultät, … - 2008
The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers’ questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...
Persistent link: https://www.econbiz.de/10005616644