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The Economic Performance Index (EPI): an Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective
Khramov, Vadim; Lee, John Ridings - International Monetary Fund (IMF) - 2013
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
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In the long run, US unemployment follows inflation like a faithful dog
Haug, Alfred A.; King, Ian - In: Journal of Macroeconomics 41 (2014) C, pp. 42-52
inflation and unemployment in the long run, using quarterly US data from 1952 to 2010, and state-of-the art econometric methods …. Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads … relationship between inflation and unemployment is positive in the long run. …
Persistent link: https://www.econbiz.de/10010907072
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Unemployment and Spare Capacity in the Labour Market
Ballantyne, Alexander; Voss, Daniel De; Jacobs, David - In: RBA Bulletin (2014) September, pp. 7-20
The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy. Statistical methods can be used to estimate the extent to...
Persistent link: https://www.econbiz.de/10010949107
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Is There a Long-Run Trade-Off between Inflation and Unemployment?
Axell, Bo; Lang, Harald - Institutet för Näringslivsforskning (IFN) - 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? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We … source of inflation. …
Persistent link: https://www.econbiz.de/10011019058
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Une baisse du chômage encourageante?: Non : le marché du travail français est structurellement malade
Auray, Stéphane; Lepage-Saucier, Nicolas - Sciences économiques, Sciences Po - 2014
Les chiffres publiés le 24 septembre 2014 par la DARES semblent encourageants car ils présentent une baisse de 0.3% du taux de chômage des demandeurs d’emploi de catégorie A. Qu’en estil exactement ? Il ne s’agit en définitive que d’un changement d’un mois à un autre et si l’on...
Persistent link: https://www.econbiz.de/10011213426
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Botswana; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities for Botswana
International Monetary Fund (IMF); International … - 2007
The staff report for the 2006 Article IV Consultation on Botswana highlights economic developments and monetary and exchange rate policy. Botswana’s growth has been fueled by continued increases in diamond production; and real diamond output is projected to level off, and then decline...
Persistent link: https://www.econbiz.de/10011244994
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Republic of Estonia; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026
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Unbundling the Great European Recession (2009-2013): Unemployment, Consumption, Investment, Inflation and Current Account
Campiglio, Luigi Pierfranco - Volkswirtschaftliche Fakultät, … - 2014
reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue … that internal devalution is not an effective policy, pushing inflation rates to a worrisome lower level and even outright …
Persistent link: https://www.econbiz.de/10011261122
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Inflation and labor market flexibility: The squeaky wheel gets the grease
Loboguerrero, Ana Maria; Panizza, Ugo - Institute of Public Policy and Public Choice - POLIS - 2006
Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase … uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the … interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …
Persistent link: https://www.econbiz.de/10005077174
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Is there the time-inconsistency problem in Turkey?
Akay, Hülya Kanalici; Nargelecekenler, Mehmet - In: Journal of Economic Studies 34 (2007) November, pp. 389-400
Purpose – The purpose of this paper is to analyze the time-inconsistency problem between inflation and unemployment …. Then the modified Barro-Gordon model's constraint is applied to the detrended inflation and unemployment rate. Findings … – The results of this study suggest that both inflation and unemployment series are not stationary and they include the unit …
Persistent link: https://www.econbiz.de/10005081194