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Post-crisis unemployment developments : US and EU approaching?
Casaux, Suzanne; Turrini, Alessandro - 2011
This brief reviews the evolution of the US and the European labour markets since the beginning of the financial crisis. In the US, the unemployment rate and the share of long-term unemployment grew very fast, during the crisis, thereby reaching levels close to those in the EU. Does that mean...
Persistent link: https://www.econbiz.de/10011291914
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Essays on empirical macroeconomics
Mehrotra, Aaron - 2006
techniques, mainly vector autoregressions, focusing on Japan.While we find that basic relationships between the variables appear …
Persistent link: https://www.econbiz.de/10012148898
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World Economy Winter 2017 - World economic upswing continues
Gern, Klaus-Jürgen; Hauber, Philipp; Kooths, Stefan; … - 2017
The world economy is currently expanding strongly with upward momentum in almost every major economy. Global activity is set to expand by 3.8 percent, 0.1 percentage point above our September forecast and the strongest figure since 2011. We have also slightly revised up, to 3.9 percent, our...
Persistent link: https://www.econbiz.de/10012143301
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Long run evidence on money growth and inflation
Benati, Luca - 2009
Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at the frequency ω=0 has exhibited little variation–being, most of the time, close to one–in the U.S., the U.K., and several other countries, thus implying that the fraction...
Persistent link: https://www.econbiz.de/10011605073
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Sticky Prices vs. Sticky Information – A Cross-Country Study of Inflation Dynamics
Bredemeier, Christian; Goecke, Henry - 2011
six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models' abilities to match empirical second … betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und … Japan). Wir werten die Fähigkeiten der Modelle aus, empirische zweite Momente des Inflationsprozesses zu generieren. Bei …
Persistent link: https://www.econbiz.de/10010274449
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The Chinese impact on GDP growth and inflation in the industrial countries
Dreger, Christian; Zhang, Yanqun - 2011
and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and …
Persistent link: https://www.econbiz.de/10010286628
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Forecasting euro area inflation
Hubrich, Kirstin - 2003
Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area inflation can be improved by aggregating forecasts of...
Persistent link: https://www.econbiz.de/10009635954
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A markup model of inflation for the euro area
Bowdler, Christopher; Jansen, Eilev S. - 2004
Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long-run markup of prices over costs is fixed, but this may not be true for the Euro area economy, which has undergone major structural reforms over the last 25 years. We allow for...
Persistent link: https://www.econbiz.de/10009636529
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Fiscal policy and inflation volatility
Rother, Philipp C. - 2004
Among the harmful effects of inflation, the negative consequences of inflation volatility are of particular concern. These include higher risk premia, hedging costs and unforeseen redistribution of wealth. This paper presents panel estimations for a sample of OECD countries which suggest that...
Persistent link: https://www.econbiz.de/10009636540
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Is inflation persistence intrinsic in industrial economies?
Levin, Andrew T.; Piger, Jeremy M. - 2004
We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...
Persistent link: https://www.econbiz.de/10009636705