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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10011414902
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The macroeconomics of the labor market : three fundamental views
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - In: Portuguese economic journal 6 (2007) 3, pp. 151-180
Persistent link: https://www.econbiz.de/10003642085
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The macroeconomics of the labor market : three fundamental views
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
Persistent link: https://www.econbiz.de/10003410955
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The macroeconomics of the labor market : three fundamental views
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2006
frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While …
Persistent link: https://www.econbiz.de/10003504689
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The macroeconomics of the labor market : three fundamental views
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While …
Persistent link: https://www.econbiz.de/10003550428
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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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Unemployment benefits versus conditional negative income taxes
Snower, Dennis J. - 1995
Persistent link: https://www.econbiz.de/10000554243
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Explaining disparities in unemployment dynamics
Karanassou, Marika - In: Rivista di politica economica 83 (1994) 11, pp. 37-61
Persistent link: https://www.econbiz.de/10001340187
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Adjustment dynamics and the natural rate : an account of UK unemployment
Henry, S. G. B.; Karanassou, Marika; Snower, Dennis J. - 1999
This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU). Our analysis suggests that the British NRU has...
Persistent link: https://www.econbiz.de/10011313937
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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001867515