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A simple decomposition of the variance of output growth across countries

Reicher, Christopher Phillip - 2011

This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel...

Persistent link: https://www.econbiz.de/10009127619

Markups and inflation cyclicality in the euro area

Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021

Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in output and unemployment. We show that an increasing share of high markup firms is part of the explanation of why inflation remained stubbornly stable and low in the euro area...

Persistent link: https://www.econbiz.de/10012705418

Markups and Inflation Cyclicality in the Euro Area

Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021

Persistent link: https://www.econbiz.de/10013313119

Disequilibrium macroeconomic dynamics, income distribution and wage-price Phillips curves : evidence from the US and the euro area

Proaño Acosta, Christian; Flaschel, Peter; Ernst, Ekkehard - 2006

Taylor-rule-type interest rate law of motion. Through instrumental variables GMM system estimation with aggregate time series … Autoren auf der Basis von hochaggregierten Zeitreihen für die USA und den Euroraum strukturelle Parameterschätzwerte. Diese … indirekt der Einkommensverteilung für die Dynamik von Lohn- und Preisinflation in den USA und im Euroraum auf. …