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money supply, money velocity, and the unemployment rate. Thus, five parameters, i.e. weights assigned to the deviation in … the money velocity, and the deviation in unemployment rate, are introduced and estimated. The article explores and tests … weight to the deviation in unemployment rate, and moderate weights are assigned to the deviation in the inflation rate, the …
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We investigate both theoretically and empirically how unemployment level and its growth affect future stock returns. We … find that both a higher unemployment rate and higher growth of unemployment positively predict future stock market returns … reinforce each other making stock returns exceptionally high in periods of high unemployment and high unemployment growth. Our …
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Inflation, Unemployment, and Monetary Policy -- Contents -- Introduction -- Inflation, Unemployment, and Monetary …
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In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … unemployment were the result of the struggle between the wage and price setters trying to influence the distribution of income to … a rising rate of unemployment. Our hypothesis was inspired by the observation that the statistical Phillips curves are …
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