Showing 1 - 10 of 36
Three years ago we found a statistically reliable link between ConocoPhillips’ (NYSE: COP) stock price and the difference between the core and headline CPI in the United States. In this article, the original relationship is revisited with new data available since 2009. The agreement between...
Persistent link: https://www.econbiz.de/10011259247
The evolution of the rate of price inflation, (t), and unemployment, u(t), in Japan has been modeled within the Phillips curve framework. As an extension to the Phillips curve, we represent both variables as linear functions of the change rate of labor force. All models were first estimated...
Persistent link: https://www.econbiz.de/10011260989
We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework. The change in labour force is the driving force representing economic activity in the Phillips curve. For Austria, this macroeconomic variable was first tested as a predictor of...
Persistent link: https://www.econbiz.de/10011110150
During the last 25 years, unemployment in the USA is a lagged linear function of inflation and labor force relative change with time. The lag is currently of 2.5 years. Only a small decrease in labor force rate is currently observed compared to the strong growth between 1965 and 1990. According...
Persistent link: https://www.econbiz.de/10010629178
Inflation in the USA between 1960 and 2004 is studied in the framework of the revealed rigidity of the personal income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which prevents changes in the relative incomes induced by economic growth and population...
Persistent link: https://www.econbiz.de/10010629674
During the last 25 years, unemployment in the USA is a lagged linear function of inflation and labor force relative change with time. The lag is currently of 2.5 years. Only a small decrease in labor force rate is currently observed compared to the strong growth between 1965 and 1990. According...
Persistent link: https://www.econbiz.de/10010568569
Inflation in the USA between 1960 and 2004 is studied in the framework of the revealed rigidity of the personal income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which prevents changes in the relative incomes induced by economic growth and population...
Persistent link: https://www.econbiz.de/10010568570
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models obtained empirically. To achieve the best fit between...
Persistent link: https://www.econbiz.de/10008836412
An empirical model is presented linking inflation and unemployment rate to the change in the level of labour force in Switzerland. The involved variables are found to be cointegrated and we estimate lagged linear deterministic relationships using the method of cumulative curves, a simplified...
Persistent link: https://www.econbiz.de/10008839473
In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price deviations from the linear trend are transient and the price...
Persistent link: https://www.econbiz.de/10008543797