Showing 1 - 10 of 2,749
The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for … consistent to the literature and produce reasonable forecasts for NAIRU. …
Persistent link: https://www.econbiz.de/10005407874
This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for the West … German Economy 1980 to 1998. The novelty of the paper is the estimation of a time-varying NAIRU for West Germany employing …, the NAIRU for 1998 is estimated to lie between 7.9 and 8.5 percent. However, based on a presentation of the theoretical …
Persistent link: https://www.econbiz.de/10013428346
Arbeit die Rolle einer Non-Accelerating-Inflation-Rate-of-Unemployment (NAIRU) analysiert. Die kurzfristige Stabilität der … NAIRU wird untersucht, indem die Effekte von steigenden oder fallenden Inflationsraten auf die Realschuld des … Zinssatzänderungen untersucht. Das Problem der langfristigen Endogenität der NAIRU wird ebenfalls thematisiert, indem die …
Persistent link: https://www.econbiz.de/10003744527
occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R …
Persistent link: https://www.econbiz.de/10013469563
occur endogenously through hysteresis effects in TFP. Both demand- and supply-driven recessions can weaken investment in R …
Persistent link: https://www.econbiz.de/10013463787
In a simple New Keynesian model, we derive a closed form solution for the inflation-gap persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10009526206
In a simple New Keynesian model, we derive a closed form solution for the inflation persistence parameter as a function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches to inflation and the output gap, we show that the...
Persistent link: https://www.econbiz.de/10008758155
Persistent link: https://www.econbiz.de/10011378316
Persistent link: https://www.econbiz.de/10011548575
Persistent link: https://www.econbiz.de/10011993420