Narrow search
Showing 1 - 10 of 9,279
Cover Image
Monetary policy shocks in open economies and the inflation unemployment trade-off : the case of the Euro Area
Ribba, Antonio - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-12
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …
Persistent link: https://www.econbiz.de/10013168711
Cover Image
Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753
Cover Image
Economic recovery and inflation : this policy contribution was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Mon...
Dąbrowski, Marek - 2018
, unemployment is systematically decreasing, the financial sector is more eager to lend, and its clients - to borrow. Rapidly growing …
Persistent link: https://www.econbiz.de/10011852813
Cover Image
The Fed's real reaction function : monetary policy, inflation, unemployment, inequality and presidential politics
Galbraith, James K. (contributor);  … - 2007
the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … for the effects of inflation and unemployment. -- Personal Income ; Wage Level ; Wage Differentials ; Price Level … Reserve does not target inflation or react to inflation signals.ʺ Rather, the Fed reacts to the very realʺ signal sent by …
Persistent link: https://www.econbiz.de/10003727095
Cover Image
Inflation and Unemployment Trade-off : A Re-examination of the Phillips Curve and Its Stability in Nigeria
Nurudeen, Abu - 2019
any economy, Nigeria still contends with problems of high inflation and unemployment. This study examines the Phillips … curve hypothesis (inflation and unemployment trade-off) and its stability in Nigeria from 1980 to 2016 using the … between inflation and unemployment. The results of the ARDL bounds testing, FMOLS, DOLS, static OLS and CCR estimations …
Persistent link: https://www.econbiz.de/10012871065
Cover Image
The possible unemployment cost of average inflation below a credible target : a replication study of Svensson (American Economic Journal: Macroeconomics, 2015)
Oraby, Ramy - In: Journal of comments and replications in economics 1 (2022), pp. 1-21
long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …
Persistent link: https://www.econbiz.de/10013179358
Cover Image
Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Krolzig, Hans-Martin; Flaschel, Peter - Department of Economics, Oxford University - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
Cover Image
The Fed's Real Reaction Function Monetary Policy, Inflation, Unemployment, Inequality - and Presidential Politics
Galbraith, James K.; Giovannoni, Olivier G.; Russo, Ann J. - 2007
the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … controlling for the effects of inflation and unemployment … Reserve does not target inflation or react to "inflation signals." Rather, the Fed reacts to the very "real" signal sent by …
Persistent link: https://www.econbiz.de/10014224945
Cover Image
Wage and Price Phillips Curves An empirical analysis of destabilizing wage-price spirals
Flaschel, Peter; Krolzig, Hans-Martin - Economics Group, Nuffield College, University of Oxford - 2003
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10005730280
Cover Image
Inflation Gap Persistence, Indeterminacy, and Monetary Policy
Hirose, Yasuo; Kurozumi, Takushi; Van Zandweghe, Willem - 2021
Empirical studies have documented that the persistence of the gap between inflation and its trend declined after the … response to the inflation gap or a decrease in firms' probability of price change can fully account for the decline in … inflation gap persistence by ruling out indeterminacy that induces persistent dynamics of the economy …
Persistent link: https://www.econbiz.de/10013238359