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Arbeitsmarkt und Beschäftigung
Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2006
The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
Persistent link: https://www.econbiz.de/10005187342
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The Global Crisis and Cyclical Theory
HARALAMBIE, George - In: Theoretical and Applied Economics XVIII(2011) (2011) 11(564), pp. 79-88
The dynamics of social development shows that, throughout history, economies have experienced periods of boom and crisis, which were repeated at short, medium and long term, which induces the idea of cyclicality. The effects of the crisis were experienced in terms of investment, output,...
Persistent link: https://www.econbiz.de/10010857174
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Drifting Inflation Targets and Monetary Stagflation
Knotek, Edward S. Knotek, II; Khan, Shujaat - Federal Reserve Bank of Cleveland - 2014
This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …
Persistent link: https://www.econbiz.de/10010960454
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Drifting inflation targets and monetary stagflation
Khan, Shujaat; Knotek, Edward S. - In: Journal of Economic Dynamics and Control 52 (2015) C, pp. 39-54
This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …
Persistent link: https://www.econbiz.de/10011209199
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The Kinked Demand Curve with a Conjectural Hitch - A Micro Explanation of Stagflation and Job-less Recovery
Bradfield, Michael - Department of Economics, Dalhousie University - 2007
Persistent link: https://www.econbiz.de/10005245981
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The Great Inflation of the Seventies: What Really Happened?
Nelson, Edward - In: Advances in Macroeconomics 5 (2005) 1, pp. 1297-1297
This paper revisits the issue of what factors produced the macroeconomic policies that led to the Great Inflation of the 1970s. I emphasize that a satisfactory explanation should satisfy two important criteria. First, it must be consistent with the record of views on the economy, manifested in...
Persistent link: https://www.econbiz.de/10005086863
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Stagflation - wie kommt sie zustande und was kann man tun?
Schlicht, Ekkehart - In: Ifo Schnelldienst 47 (1994) 12, pp. 07-10
gegenwärtige (1994) Arbeitslosigkeit ist ein Problem der Stagflation. Durch die Stagflation wird sich bei jeder Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10005013626
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Credit Cards and Inflation
Geanakoplos, John; Dubey, Pradeep - Cowles Foundation for Research in Economics, Yale University - 2009
if it is unwilling to cut efficiency below pre-credit card levels. This could be a source of stagflation. …
Persistent link: https://www.econbiz.de/10005016204
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Oil Price Shocks, Monetary Policy and Stagflation
Kilian, Lutz - C.E.P.R. Discussion Papers - 2009
shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …
Persistent link: https://www.econbiz.de/10005016247
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Monetary policy rules, macroeconomic stability and inflation: a view from the trenches
Orphanides, Athanasios - European Central Bank - 2001
I estimate a forward-looking monetary policy reaction function for the Federal Reserve for the periods before and after Paul Volcker's appointment as Chairman in 1979, using information that was available to the FOMC in real time from 1966 to 1995. The results suggest broad similarities in...
Persistent link: https://www.econbiz.de/10005344906