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Previously, a linear and lagged relationship between inflation and labor force change rate, π(t)= A1dLF(t-t1)/LF(t-t1 … obtained for the USA is characterized by A1=4.0, A2=-0.03075, and t1=2 years. It provides a root mean square forecasting error … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models …
Persistent link: https://www.econbiz.de/10005836346
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …
Persistent link: https://www.econbiz.de/10005835964
A two-component model for the evolution of real GDP per capita in the USA is presented and tested. The first component … between the growth rate of real GDP per capita and the number of 9-year-olds in the USA is tested for cointegration. For … cointegrating relation. Econometrically, the tests for cointegration show that the deviations of real economic growth in the USA …
Persistent link: https://www.econbiz.de/10005790144
The growth rate of real GDP per capita in the biggest OECD countries is represented as a sum of two components – a steadily decreasing trend and fluctuations related to the change in some specific age population. The long term trend in the growth rate is modelled by an inverse function of real...
Persistent link: https://www.econbiz.de/10011259294
increment for the largest economies: the USA, Japan, France, Italy, and Spain. The UK, Australia, and Canada show a larger …
Persistent link: https://www.econbiz.de/10005835493
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … well as the whole deflationary period started in the late 1990s. The Phillips curve for Japan confirms the original concept … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a …
Persistent link: https://www.econbiz.de/10011260989
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are … linear and lagged generalized relationship between inflation, unemployment and labor force has been also obtained for Japan … unemployment in Japan: CPI inflation will be negative (between -0.5% and -1% per year) during the next 40 years. Unemployment will …
Persistent link: https://www.econbiz.de/10005260050
numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear …
Persistent link: https://www.econbiz.de/10005623454
, price inflation, labor force participation, productivity, and unemployment. The evolution of real GDP depends only on …
Persistent link: https://www.econbiz.de/10005260315
Austria, Italy, the Netherlands, Sweden, Switzerland, and the United States as a function of inflation and the change in labor … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for … Austria, Canada, France, Germany, Japan, and the United States. Autoregressive properties of neither of these variables are …
Persistent link: https://www.econbiz.de/10005837146