Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this … unemployment gap which underlie the OECD’s Economic Outlook projections. The former OECD specification can be characterised as a … backward-looking specification, the anchored expectations approach also tends to imply larger unemployment gaps for those …

of (legal) institutions alters the overall impact of regulations on capital deepening: better institutions reduce the …

whether policy effects vary across countries depending on the level of economic development and whether institutions have an … influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of …

stance of other policies and institutions. This approach allows for the incorporation of a potentially large set of … additional policy areas including institutions and policy areas with limited time-series availability (e.g. sub-components of the … institutions such as the rule of law indicator or the efficiency of the legal system). Results suggest that for instance, when more …

A statistically significant relationship between the unemployment gap and inflation can be found for a clear majority …

non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes …