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. These include the distinction between the short and long-run trade-offs between inflation and unemployment, and the changing … level of the non-accelerating inflation rate of unemployment (NAIRU), particularly in the 1970s. We estimate Phillips curves … discussion of the changing role of the Phillips curve in the intellectual framework used to analyse inflation within the Reserve …
Persistent link: https://www.econbiz.de/10005426716
15 years. Controlling for the most important other factors influencing the inflation rate, we estimate cointegrations and …
Persistent link: https://www.econbiz.de/10011133384
estimated at 39% indicating a key role of this component in the inflation for a emerging country like Peru which is an economy … partially dollarized using an inflation targeting scheme. The model is extended to include information coming from the … unemployment rate but the results are very similar indicating poor additional information in the unemployment rate to identify the …
Persistent link: https://www.econbiz.de/10011142663
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and … relationships were estimated eight years ago. The change rate of labour force was used as a driving force of inflation and …
Persistent link: https://www.econbiz.de/10011109998
We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in … relationships between inflation, unemployment, and labour force. As before, a structural break is allowed in these relationships …
Persistent link: https://www.econbiz.de/10011110150
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
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
unemployment for the five major European economies. The dynamic adjustment and the level relations are found to be different across … all countries including the UK, deviations from reference values are found to influence unemployment. Only for Germany and … Spain, instead, we find evidence that deviations from reference values influence inflation dynamics. We also finds a …
Persistent link: https://www.econbiz.de/10011204474
In a period of mainstream economic models failing to explain macroeconomic processes and individual economic behaviors, is necessary to reconsider dominant economic models by approaching with a higher accuracy the economic reality. The paper is proposing to contribute to Homo Oeconomicus...
Persistent link: https://www.econbiz.de/10011184496
This article empirically analyzes the relationship between unemployment rate and inflation rate in the Philippines over … the period 1980-2006. The negative association between unemployment and inflation is known as the Phillips Curve because … study is that there exists a cointegrating relationship--but no causal relationship--between unemployment rate and inflation …
Persistent link: https://www.econbiz.de/10011184901