Showing 1 - 10 of 44
Around the world, central bankers closely monitor monthly unemployment statistics. A nation's assessment of the optimal … a modification of the unemployment metric would provide a more accurate picture than is currently on offer …
Persistent link: https://www.econbiz.de/10012921795
We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities. Fiscal decisions lack commitment but are Markovperfect. Monetary commitment to an interest...
Persistent link: https://www.econbiz.de/10011564683
We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities. Fiscal decisions lack commitment but are Markovperfect. Monetary commitment to an interest...
Persistent link: https://www.econbiz.de/10011431600
This paper examines various variables that are likely to be associated with the Turkish non-agricultural unemployment … performance of these series to assess their informativeness about the unemployment rate. We find that Business Tendency Survey …-term forecast performance of the autoregressive benchmark model, where we use only lagged values of the unemployment rate. …
Persistent link: https://www.econbiz.de/10010941546
lifetime of contracts. On balance, the evidence suggests that the long-run trade-off between inflation and the unemployment …
Persistent link: https://www.econbiz.de/10005162441
exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the …
Persistent link: https://www.econbiz.de/10010270683
Persistent link: https://www.econbiz.de/10011876454
Persistent link: https://www.econbiz.de/10012200792
Most emerging market economies (EMEs) which have implemented inflation targeting (IT) have continued to experience large, frequent and sometimes persistent inflation target misses. At the same time these countries had reformed their institutional structures when implementing IT. In this paper we...
Persistent link: https://www.econbiz.de/10009320385
In a competitive and morally imperfect world, business people are often faced with serious ethical challenges. Harboring suspicions about the ethics of others, many feel justified in engaging in less-than-ideal conduct to protect their own interests. The most sophisticated moral arguments are...
Persistent link: https://www.econbiz.de/10004988777