Showing 1 - 3 of 3
We know from experience that weak economic growth increases the unemployment rate. In 1962 Okun proposed to measure … potential output in terms of unemployment gap. From this relation a direct link between increase in unemployment and output …
Persistent link: https://www.econbiz.de/10005510372
This article summarizes the studies about the Phillips curve in the Brazilian economy. Overall, the results are very sensitive to the time period, to the proxies adopted, to the econometric approach, and to the frequency and lags allowed to the variables. These results cast some doubts about the...
Persistent link: https://www.econbiz.de/10011372339
This paper aims to analyze the relation among exchange rate, distribution and economic growth from a short-term Keynesian-structuralist perspective. The domestic absorption is the cornerstone of the analysis, inasmuch as an exchange rate devaluation leads to an expansionist result in the...
Persistent link: https://www.econbiz.de/10004992129