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Do business cycle conditions at the time of labour market entry affect future unemployment?
Raaum, Oddbjørn; Røed, Knut - 2002
Labour market conditions at the time and place of potential entry into the labour market are shown to have a substantial and persistent impact on adult labour market performance. Birth cohorts that face particularly depressed labour markets when they graduate from primary- and/or secondary...
Persistent link: https://www.econbiz.de/10010284268
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How tight is the labour market? A micro-based macro indicator
Gaure, Simen; Røed, Knut - 2003
We develop a new indicator of labour market tightness, based on the pure calendar time changes in individuals’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this indicator,in contrast to the aggregate rate of...
Persistent link: https://www.econbiz.de/10010284458
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Well-being and economic conditions in Ireland
Walsh, Brendan - 2011
unemployment, inflation, and the level and growth rate of real income on the one hand and measures of subjective well-being and … first half of this period, its effect was weaker in later years. The rate of inflation has not had a significant effect on …
Persistent link: https://www.econbiz.de/10010293674
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The influence of macroeconomic conditions and institutional quality on national levels of life satisfaction
Walsh, Brendan - 2012
inflation. However, even when these factors are allowed for, significant country-level differences persist. …
Persistent link: https://www.econbiz.de/10010293689
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Three revolutions in macroeconomics: Their nature and influence
Laidler, David - 2013
Harry Johnson's 1971 ideas about the factors affecting the success of the Keynesian Revolution and the Monetarist Counter-revolution are summarised and extended to the analysis of the Rational Expectations - New Classical (RE-NC) Revolution It is then argued that, whereas Monetarism brought...
Persistent link: https://www.econbiz.de/10011390725
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Is There a Long-Run Trade-Off between Inflation and Unemployment?
Axell, Bo; Lang, Harald - 1985
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? In this paper inflation is introduced into a general equilibrium search unemployment model. We show … of inflation. …
Persistent link: https://www.econbiz.de/10010334647
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The Duration of Unemployment and Unexpected Inflation – An Empirical Analysis
Björklund, Anders; Holmlund, Bertil - 1978
Persistent link: https://www.econbiz.de/10010335019
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The real effects of money growth in dynamic general equilibrium
Graham, Liam; Snower, Dennis J. - 2004
We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...
Persistent link: https://www.econbiz.de/10011604458
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National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10011605104
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Do professional forecasters behave as if they believed in the new Keynesian Phillips Curve for the euro area?
López Pérez, Víctor - 2015
results suggest that euro-area inflation forecasts have reacted less to unemployment forecasts after the start of the … financial crisis but another cost measure (energy inflation) remains significant. This finding is consistent with a flatter … better anchoring of inflation expectations and increases in structural unemployment do not seem to find support in the survey …
Persistent link: https://www.econbiz.de/10011605808