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The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474
Persistent link: https://www.econbiz.de/10010966552
В статье анализируется взаимосвязь между уровнем инфляции и уровнем безработицы в США в краткосрочном периоде. Построены различные регрессионные модели,...
Persistent link: https://www.econbiz.de/10011215653
В условиях противоборства двух взаимоисключающих моделей преодоления экономических кризисов («немецкой» и «американской») дискуссии об эффективности...
Persistent link: https://www.econbiz.de/10011247600
This paper discusses the short-run tradeoff between inflation and unemployment. Although this tradeoff remains a …
Persistent link: https://www.econbiz.de/10005245656
We test the Barro-Gordon model extended to allow for persistence in unemployment. First, we build an index of central … bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …
Persistent link: https://www.econbiz.de/10005022245
In the view of a prominent monetary theorist and policy maker, there is a rising acceptance within the economics profession and in central bank and government circles of the need for an independent central bank. This view is founded upon a growing body of empirical evidence, recent theoretical...
Persistent link: https://www.econbiz.de/10005358004
This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995. We analyze the … implications both of full hysteresis in unemployment and high inflation persistence for inference regarding dynamic Phillips trade …
Persistent link: https://www.econbiz.de/10005155234
the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with … short-run unemployment costs but also with long-run output benefits? The answer to this question crucially depends on the …
Persistent link: https://www.econbiz.de/10005155290