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Assessing full employment in Australia
Ballantyne, Alexander; Sharma, Avish; Taylor, Tim - In: Bulletin / Reserve Bank of Australia (2024), pp. 1-12
Persistent link: https://www.econbiz.de/10014526885
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Labour's loss : why macroeconomics matters
Storm, Servaas - In: PSL quarterly review 74 (2021) 299, pp. 249-285
Electoral support for social democracy in Western Europe is in free fall. The implosion of social democracy is largely self- inflicted, because 'Third Way' social democracy alienated its traditional supporters by (a) a deliberate move to the non- reformist, status-quo oriented macroeconomics of...
Persistent link: https://www.econbiz.de/10013175133
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The impact of monetary policy on unemployment hysteresis
Stockhammer, Engelbert; Sturn, Simon - 2008 - Version 2.0
Dieser Aufsatz untersucht die Hypothese, dass der Grad an Arbeitsmarkthysterese in Folge einer Rezession von der Reaktion der Geldpolitik abhängt. Der Hysteresegrad wird in der empirischen Untersuchung durch die geldpolitische Reaktion und Standardvariablen für Arbeitsmarktinstitutionen in...
Persistent link: https://www.econbiz.de/10003772351
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NAIRU Uncertainty and Nonlinear Policy Rules
Meyer, Laurence H.; Swanson, Eric T.; Wieland, Volker - 2001
The Federal Reserve allowed unemployment to fall substantially in the late 1990s, to a level well below earlier estimates of the NAIRU, without a corresponding tightening of monetary policy. In addition, Meyer (1999) has suggested that episodes of heightened uncertainty about the NAIRU may...
Persistent link: https://www.econbiz.de/10014137888
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Monetary Policy and Uncertainty About the Natural Unemployment Rate
Wieland, Volker - 2003
Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An … important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and …
Persistent link: https://www.econbiz.de/10014087550
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Monetary policy and uncertainty about the natural unemployment rate
Wieland, Volker - 2003
Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An … important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and …
Persistent link: https://www.econbiz.de/10009765348
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Central banks, trade unions and reputation – is there room for an expansionist manoeuvre in the European Union?
Pusch, Toralf; Heise, Arne - 2008
It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic...
Persistent link: https://www.econbiz.de/10008663759
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Wage bargaining and monetary policy in a Kaleckian monetary distribution and growth model: trying to make sense of the NAIRU
Hein, Eckhard - 2005
Im Rahmen eines monetären kaleckianischen Verteilungs- und Wachstumsmodells mit Konflikt-Inflation wird in dieser … Arbeit die Rolle einer Non-Accelerating-Inflation-Rate-of-Unemployment (NAIRU) analysiert. Die kurzfristige Stabilität der … ergeben. Anstelle des nachträglichen Einsatzes der Geldpolitik zur Bekämpfung von Inflation sollten daher die Ursachen von …
Persistent link: https://www.econbiz.de/10003744527
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Can prosperity be sustained? : policies for full employment and full production without price inflation in a free economy
Jacoby, Neil H. - 1956
Persistent link: https://www.econbiz.de/10000593346
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Understanding modern money : the key to full employment and price stability
Wray, L. Randall - 1998
Persistent link: https://www.econbiz.de/10000992833