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Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …
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Die Teilnehmer am ifo-Konjunkturtest International aus 55 Ländern beurteilen die gesamtwirtschaftliche Lage als nicht mehr so günstig. Weltweit rechnen die Experten damit, daß sich keine Eintrübung des Wirtschaftsklimas in den nächsten sechs bis zwölf Monaten ergeben wird. Allerdings wird...
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("wageless recovery"). Second, inflation determines the type of recovery: low inflation (below 30 percent annual rate) is … associated with jobless recovery, while high inflation is associated with wageless recovery. The paper shows that this pattern of …
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This paper relates the size of the cyclical inflation differentials, currently observed for euro area countries, to the … cyclical inflation differentials. The proposed mechanism is a supply side one in which differences in labor market institutions …
Persistent link: https://www.econbiz.de/10013317627
The low rate of inflation observed in the U.S. over the entire past decade is hard to reconcile with traditional … the job explains this missing inflation. We derive this novel concept of slack from a model in which a drop in the on …
Persistent link: https://www.econbiz.de/10012222536
hand and the inflation rate on the other hand. Empirically, we estimate this relationship by developing three different … markets for goods and services will push up inflation. We show the empirical relevance of the modified output gap for Spain …
Persistent link: https://www.econbiz.de/10011946383