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A reappraisal of the inflation-unemployment-productivity nexus: SKOPE Research Paper No. 38, Spring 2003

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2003

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff …

Persistent link: https://www.econbiz.de/10009441372

Individuals’ unemployment durations over the business cycle

Kalwij, A.S. - 2003

Using a large panel of administrative records on unemployment durations this study confirms the predictions of the … ranking model of Blanchard and Diamond (1994) that an individual’s probability of leaving unemployment decreases with … unemployment duration and increases with labour market tightness. I find no strong empirical evidence to support the further …

Persistent link: https://www.econbiz.de/10009460032

Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region

Bloch, Harry; Sapsford, D. - 2009

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade ofindividual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

Persistent link: https://www.econbiz.de/10009434781

Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region

Bloch, Harry; Sapsford, D. - 2009

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

Persistent link: https://www.econbiz.de/10009434784

Trend and Cycles in Coal and Oil Prices in the Long Run: A Schumpeterian Approach

Bloch, Harry; Sapsford, D. - 2011

We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...

Persistent link: https://www.econbiz.de/10009435028

The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk

Storesletten, Kjetil; Telmer, Chris I; Yaron, Amir - 2000

This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the...

Persistent link: https://www.econbiz.de/10009441157

The properties of cycles in South African financial variables and their relation to the business cycle

Boshoff, Willem Hendrik - 2006

The goal of this thesis is twofold: it aims, firstly, at a description of cycles in SouthAfrican financial variables and, secondly, at the evaluation of the relationshipbetween cycles in financial variables and the South African business cycle. The studyis based on the original business cycle...

Persistent link: https://www.econbiz.de/10009442149

Dynamic Asymmetries in the Australian Labour Market

Bodman, Philip M. - 2002

This paper examines whether Australian labour market variables, in particular aggregate employment and unemployment … macroeconomy but there is evidence of asymmetric steepness for both employment and unemployment as well as the CPI. Nominal or real … wages exhibit neither forms of asymmetry. The evidence suggests that unemployment (employment) rises (falls) rapidly in …

Persistent link: https://www.econbiz.de/10009448021

Corporate decision-making during recession : product franchisors in the Australian agricultural machinery industry, 1967-72

Wadley,David - 1974

This study analyses the impact of scale, establishment mobility and policy substitution in the corporation's geographical behaviour. To maximise opportunities for observing change, the effects of recession on firms using a particular marketing system --product franchising are examined. It is...

Persistent link: https://www.econbiz.de/10009448104

Two essays on monetary policy under the Taylor rule

Goldberg, Dror (contributor); Li, Qi (contributor) - 2004

In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The ﬁrst question is on, under the Taylor rule, whether a central bank should be responsible for both bank supervision and monetary policy or whether the two tasks should be exercised by...

Persistent link: https://www.econbiz.de/10009464972

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