Showing 1 - 10 of 1,635
We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low …-and-flow consistent agent-based model by Rolim et al. (2023), in which inflation and inequality result from the social conflict over … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating …
Persistent link: https://www.econbiz.de/10014327420
reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …
Persistent link: https://www.econbiz.de/10010238840
We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in … relationships between inflation, unemployment, and labour force. As before, a structural break is allowed in these relationships …
Persistent link: https://www.econbiz.de/10013076329
Potential links between inflation and unemployment in Canada have been examined. No consistent Phillips curve has been … linear links between inflation and unemployment could exist - before 1983 and after 1983.A linear and lagged relationship … between inflation, unemployment and labor force has been obtained for Canada. Similar relationships were reported previously …
Persistent link: https://www.econbiz.de/10012721183
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a … negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = 1.50(t) + 0 ….116. Effectively, growing unemployment has resulted in decreasing inflation since 1971, i.e. for the period where GDP deflator …
Persistent link: https://www.econbiz.de/10014223809
A linear and lagged relationship between inflation, unemployment and labor force change rate, ?(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …
Persistent link: https://www.econbiz.de/10014053159
Inflation in the USA for the period between 1960 and 2004 is studied in the framework of evident rigidity of personal … income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which counters changes in the … linking the measured inflation (consumer price index or GDP deflator), unemployment and change in labor force. During the last …
Persistent link: https://www.econbiz.de/10014059492
This paper investigates the impact of inflation in different states of unemployment: evidence with the Phillips curve … in South Africa. The contribution of this paper is to examine the impact of inflation on different states of unemployment …% increase in inflation results in a 2.61% increase and a 0.06% decrease in unemployment, respectively. There are times when the …
Persistent link: https://www.econbiz.de/10014257094
capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …
Persistent link: https://www.econbiz.de/10013069236
This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that are relevant for monetary policy. The model matches remarkably well the short and long run dynamics of skilled and unskilled workers. Skill mismatch and skill-specific labour...
Persistent link: https://www.econbiz.de/10012880717