Showing 1 - 10 of 1,492
Using data from the largest online job portal in Nigeria, we document: (a) gender differences in salary offers for jobs … starting salaries than jobs in industries where applicants skew male. During Nigeria's 2016 recession, overall job applications …
Persistent link: https://www.econbiz.de/10014528404
Amidst the recent resurgence of inflation, this paper investigates the interplay of corporate profits and income … distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition …-demand fluctuations and inflation to be amplified by heterogeneity, profits have to be countercyclical--an implication that is at odds …
Persistent link: https://www.econbiz.de/10014337850
whether shortages help predict inflation. Using a variety of different specifications, I find that this time-series measure of … shortages strongly predicts inflation, and contains information not captured by commodity prices, monetary aggregates, interest … rates, and other proposed predictors of inflation. This suggests that disequilibrium was an important part of the adjustment …
Persistent link: https://www.econbiz.de/10012473465
policy designed to stabilize expected inflation …
Persistent link: https://www.econbiz.de/10012473951
Recent research has provided strong circumstantial evidence for the proposition that sustained deflation -- the result of a mismanaged international gold standard -- was a major cause of the Great Depression of the 1930s. Less clear is the mechanism by which deflation led to depression. In this...
Persistent link: https://www.econbiz.de/10012475539
During the 1930s and early 1940s U.S. Treasury bonds and notes had negative nominal yields as they approached maturity. But since an investor can always hold cash, this is impossible. Any bond must have a positive nominal yield. This paper poses a resolution to this puzzle: in addition to making...
Persistent link: https://www.econbiz.de/10012476595
This paper introduces a new approach to the empirical testing of the Lucas- Sargent-Wallace (LSW) "policy ineffectiveness proposition." Instead of testing that hypothesis in isolation from any plausible alternative, the paper develops a single empirical equation explaining price change that...
Persistent link: https://www.econbiz.de/10012478371
The energy price shock depressed real output by two percent in 1974 and by five percent in 1975, according to our results. Prices rose by four percent in 1974 and by another two percent in 1975. These conclusions are derived from an aggregate model of the U.S. economy with an explicit role of...
Persistent link: https://www.econbiz.de/10012478779
Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the … crisis in the early 1980s. We show that the high-inflation period (1960-1994) was characterized by a combination of fiscal … deficits, passive monetary policy, and constraints on debt financing. The transition to the low-inflation period (1995 …
Persistent link: https://www.econbiz.de/10012479377
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012479478