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application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013455597
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013541792
(persistent nonfrictional unemployment, unfair inequalities, and financial instability), their policy proposals do not lead to a …
Persistent link: https://www.econbiz.de/10012795769
Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …
Persistent link: https://www.econbiz.de/10013256317
We argue that the period of low inflation has come to an end based on six structural factors, which define the new … inflationary environment: [...] How high will inflation rise? How long will the new inflationary environment last? How challenging …, progressing slowly, thereby contributing to a longer lasting energy-triggered inflation. The highest risk will be an energy …
Persistent link: https://www.econbiz.de/10013173639
This paper studies fiscal policy in a New Keynesian DSGE model with endogenous technology growth in which scarring can occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R&D and technology adoption, thus depressing the...
Persistent link: https://www.econbiz.de/10013463787
This study empirically examined the impact of fiscal and monetary policy on unemployment rate using data between the … percent variations in the unemployment rate were explained by the independent variables. Also, its adjusted counterpart is 0 ….602 and its shows that about 60 percent growth in unemployment rate can be explained by the independent variables. The unit …
Persistent link: https://www.econbiz.de/10013312655
inflation targeter early in this period but began to pay less attention to inflation after 2009. Loss of the strong nominal …
Persistent link: https://www.econbiz.de/10011375680
near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …
Persistent link: https://www.econbiz.de/10012137689
near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …
Persistent link: https://www.econbiz.de/10012149021