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It's Baaack : The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve
Benigno, Pierpaolo; Eggertsson, Gauti B. - National Bureau of Economic Research - 2023
inflation in the 2020s. Economic slack is measured as firms' job vacancies over the number of unemployed workers. After showing …. Policy implications include the thesis that appropriate monetary policy can bring inflation down without a significant …
Persistent link: https://www.econbiz.de/10014250214
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Involuntary unemployment and the business cycle
Christiano, Lawrence J.; Trabandt, Mathias; Walentin, Karl - 2010
capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …
Persistent link: https://www.econbiz.de/10003973491
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Involuntary unemployment and the business cycle
Christiano, Lawrence J.; Trabrandt, Mathias; Walentin, Karl - 2012
capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment’. We then …
Persistent link: https://www.econbiz.de/10003960484
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Involuntary Unemployment and the Business Cycle
Christiano, Lawrence J. - 2014
capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …
Persistent link: https://www.econbiz.de/10013069236
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Labour market skills, endogenous productivity and business cycles
Abbritti, Mirko; Consolo, Agostino - 2022
This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that are relevant for monetary policy. The model matches remarkably well the short and long run dynamics of skilled and unskilled workers. Skill mismatch and skill-specific labour...
Persistent link: https://www.econbiz.de/10012880717
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Monetary Policy Rules and Business Cycle in China : Bayesian DSGE Model Simulation
Sun, Lixin - 2011
In this paper, using a benchmark Bayesian Dynamic Stochastic General Equilibrium (Bayesian DSGE) model (Smets-Wouters Model) with Taylor's rule and a modified Smets-Wouters model with a money growth rule, we have simulated China's monetary policy transmission process and the roles of monetary...
Persistent link: https://www.econbiz.de/10013127342
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Involuntary Unemployment and the Business Cycle
Christiano, Lawrence J. - 2010
capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment'. We then …
Persistent link: https://www.econbiz.de/10013143337
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Involuntary Unemployment and the Business Cycle
Christiano, Lawrence J. - 2010
capital and use the resulting model to discuss the concept of the 'non-accelerating inflation rate of unemployment'. We then …
Persistent link: https://www.econbiz.de/10013143723
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A comparison of Fed "tightening" episodes since the 1980s
Kliesen, Kevin L. - 2020
regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …
Persistent link: https://www.econbiz.de/10012216728
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Sources of inflation and output fluctuations in Poland and Hungary: Implications for full membership in the European Union
Dibooglu, Selahattin; Kutan, Ali M. - 2001
This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for … are negligible. Estimates of “core inflation” based on historical realizations of the shocks suggest that a major … component of inflation has been demand driven, “core” inflation. Finally, policy implications of these findings regarding EU …
Persistent link: https://www.econbiz.de/10010301247