Showing 1 - 10 of 229
Using a unique survey of almost 2,000 Czech and Slovak medical students run in 2020 and 2021, the paper investigates whether gender inequality and stereotypes as proxied by the gender unemployment rate gap drive students' choices of specialities. The data suggest that the higher the gender...
Persistent link: https://www.econbiz.de/10013394383
This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the output gap and unemployment gap. We aim to reveal how positive and negative changes in these economic activity indicators affect the inflation rate by employing a nonlinear...
Persistent link: https://www.econbiz.de/10013470746
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10010264579
This paper investigates whether a Taylor rule accurately describes the South African Reserve Bank's reaction function in setting interest rates using quarterly data, covering the period since inflation targeting was formally adopted in 2000. The classic Taylor rule is modified to determine...
Persistent link: https://www.econbiz.de/10011943850
This paper aims to establish the asymmetric effects in the short and long term of cyclical output on Algeria's unemployment rate during the period 1970-2018. To achieve this objective, the "Okun" relation was applied, relying on a NARDL model methodology in the estimation. The main results of...
Persistent link: https://www.econbiz.de/10015074721
The macroeconomic models used by major institutions including the Federal Reserve and the International Monetary Fund (IMF) failed to predict the inflation surge during 2021-2023. The output gap, the unemployment gap, the New Keynesian Phillips curve and inflation expectations did not give...
Persistent link: https://www.econbiz.de/10015077193
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10011605135
This paper attempts a re-examination of the relationship between the output volatility and economic growth using an annual data set for select 67 countries for the period 1978 to 2017 spanning over 40 years. Towards this objective cross section and panel, regressions are estimated for different...
Persistent link: https://www.econbiz.de/10014001343
Business-cycle adjustment is mostly determined via filter methods, especially the HP filter, or, e.g. within the EU fiscal rules, by a production function approach. James Hamilton put big doubt on the quality of the HP filter estimates, and proposed an alternative regression approach to...
Persistent link: https://www.econbiz.de/10014327018
In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past three decades into two parts: A lost period from 1981 to 1995 and a recovery period since the second half of the 1990s. During the first period, Africa did not catch up but lost...
Persistent link: https://www.econbiz.de/10010293975