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Potential links between inflation and unemployment in Canada have been examined. No consistent Phillips curve has been … linear links between inflation and unemployment could exist - before 1983 and after 1983. A linear and lagged relationship … between inflation, unemployment and labor force has been obtained for Canada. Similar relationships were reported previously …
Persistent link: https://www.econbiz.de/10005623216
force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in …
Persistent link: https://www.econbiz.de/10005837146
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …
Persistent link: https://www.econbiz.de/10009647210
We study the effect of bank loan and bond announcements on borrower’s stock price. We apply an event study methodology on a sample of companies from 17 European countries. We find that debt announcement generates a positive stock market reaction. However our main conclusion is that the...
Persistent link: https://www.econbiz.de/10011264798
In the paper we have investigated to what extent the behaviour of CPI inflation depends on changes in domestic economic … price indices respond to exchange rate movements and/or foreign inflation. The impact of exchange rate is most substantial …
Persistent link: https://www.econbiz.de/10010667394
prediction of the conditional distribution of future inflation, we introduce a semi-parametric approach using conditional … different parts of the future inflation distribution. Using monthly data on US inflation, we find that unemployment rate …Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict …
Persistent link: https://www.econbiz.de/10005836192
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … properties of error terms. The confirmed validity of the linear lagged relationship between inflation, unemployment and labor … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation …
Persistent link: https://www.econbiz.de/10005835964
Linear relationships between inflation, unemployment, and labor force are obtained for two European countries - Austria … and France. The best fit models of inflation as a linear and lagged function of labor force change rate and unemployment … inflation for the next ten years. In France, inflation lags by four years behind labor force change and unemployment allowing …
Persistent link: https://www.econbiz.de/10005617026
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the … that growing unemployment results in decreasing inflation. A linear and lagged generalized Phillips curve expressed as a … link between inflation, unemployment, and labor force has been also re-estimated and validated by new data. Labor force …
Persistent link: https://www.econbiz.de/10011260989
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We … source of inflation. …
Persistent link: https://www.econbiz.de/10011019058