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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …
Persistent link: https://www.econbiz.de/10009157624
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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …
Persistent link: https://www.econbiz.de/10009309510
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Characteristics of unemployment dynamics : the chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2000
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10011325992
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A contribution to unemployment dynamics
Snower, Dennis J.; Karanassou, Marika - 1995
Persistent link: https://www.econbiz.de/10000673551
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Productivity growth and the Phillips Curve : a reassessment of the US experience
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
Persistent link: https://www.econbiz.de/10003798177
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Productivity growth and the Phillips curve : a reassessment of the US experience
Karanassou, Marika; Sala, Hector - 2009
In this paper we analyse a new Phillips curve (NPC) model and demonstrate that (i) frictional growth, i.e. the interplay of wage-staggering and money growth, generates a nonvertical NPC in the long-run, and (ii) the Phillips curve (PC) shifts with productivity growth. On this basis we estimate a...
Persistent link: https://www.econbiz.de/10003879334
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...
Persistent link: https://www.econbiz.de/10003485605
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
Persistent link: https://www.econbiz.de/10003491138
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Characteristics of unemployment dynamics : the chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2007
Persistent link: https://www.econbiz.de/10003474032
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from the interplay between growth and frictions. In particular, we examine the interaction between money growth (on the one hand) and various real and nominal...
Persistent link: https://www.econbiz.de/10003586564