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Flattening of the Phillips curve : estimations and consequences for economic policy

Kromphardt, Jürgen; Logeay, Camille - In: Intervention : european journal of economics and … 8 (2011) 1, pp. 43-67

Persistent link: https://www.econbiz.de/10009231710

Inflation and the NAIRU : assessing the role of long-term unemployment as a cause of hysteresis

Paternesi Meloni, Walter; Romaniello, Davide; Stirati, … - In: Economic modelling 113 (2022), pp. 1-17

Persistent link: https://www.econbiz.de/10013349248

A theory-consistent system approach for estimating potential output and the NAIRU

Apel, Mikael; Jansson, Per - In: Economics letters 64 (1999) 3, pp. 271-275

Persistent link: https://www.econbiz.de/10001399307

A theory-consistent system approach for estimating potential output and the NAIRU

Apel, Mikael; Jansson, Per - 1998

A new approach is proposed for estimating potential output and the NAIRU. Identification is achieved using Okun's law and a Phillips curve. The performance of the methodology is exemplified using data from Canada, the UK, and the US.

Persistent link: https://www.econbiz.de/10011584531

Measuring the UK short-run NAIRU

Batini, Nicoletta; Greenslade, Jennifer V. - 2003

inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

Persistent link: https://www.econbiz.de/10011517881

Changes in the balance of power between the wage and price setters and the Central Bank : consequences for the Phillips curve and the NAIRU

Kromphardt, Jürgen (contributor); … - 2007

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … 1975 and 1980 after the first (or the second) oil price shock in autumn 1973. During the disinflation period, inflation and … their favour and the Central Bank fighting against inflation. Since the wage and price setters did not fully believe in an …