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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
The purpose of the present paper is to investigate the structure and dynamics of professionals' forecast of inflation … multi-period forecast and, thereby, the expected momentum of inflation. Using number survey-based data for the US and UK, we …
Persistent link: https://www.econbiz.de/10010429166
This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices …
Persistent link: https://www.econbiz.de/10014313751
We document the real-time forecasting performance for output and inflation of the New York Fed dynamic stochastic …
Persistent link: https://www.econbiz.de/10014450718
Documents how employment and spending for health care will respond with a distributed lag to inflation and GDP growth …
Persistent link: https://www.econbiz.de/10013132496
Establishing the external validity of experimental inflation forecasts is essential if laboratory experiments are to be … used as decision-making tools for monetary policy. Our contribution is to document whether different measures of inflation … information, suggesting the presence of some form of bounded rationality or information imperfections. Finally, lagged inflation …
Persistent link: https://www.econbiz.de/10012897871
We investigate the inflation process in Poland during the economic transition period by applying Markov Switching … Models to explain the inflation generating process. The analysis is limited to the period between March 1992 and October 2005 …, a period of relatively high inflation The application of non-linear models is a consequence of the transition period …
Persistent link: https://www.econbiz.de/10012976871
This paper estimates the complete historical US price data by employing a relatively new statistical methodology based on long memory. We consider, in addition to the standard case, the possibility of nonlinearities in the form of nonlinear deterministic trends as well as the possibility that...
Persistent link: https://www.econbiz.de/10012854954
variance decomposition of US inflation. We also find that domestic currency has higher share of the forecast error variance …
Persistent link: https://www.econbiz.de/10013056801