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; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …
Persistent link: https://www.econbiz.de/10012422133
; (iv) newer generation Phillips curve models with several timevarying features are a promising avenue for forecasting …
Persistent link: https://www.econbiz.de/10012299084
Persistent link: https://www.econbiz.de/10014462787
Persistent link: https://www.econbiz.de/10012139681
We develop and test explanations for sources of intertemporal variation in the information content of aggregate earnings and how that variation explains variation in the relation between aggregate earnings growth and market returns over time. We find that the correlation between aggregate...
Persistent link: https://www.econbiz.de/10011800977
persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My …-Volcker period. I construct a simple model of how different monetary policies lead to different persistence equilibria. …
Persistent link: https://www.econbiz.de/10010293489
) with a special focus on persistence of real wages, wage and price inflation. The analysis is conducted within a structural …
Persistent link: https://www.econbiz.de/10011605113
the remarkable persistence shown by the Spanish inflation, the PANIC (panel analysis of non-stationarity in idiosyncratic …
Persistent link: https://www.econbiz.de/10011994312
- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long …
Persistent link: https://www.econbiz.de/10010273163
" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly …-price staggering models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long …
Persistent link: https://www.econbiz.de/10010273181