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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
Persistent link: https://www.econbiz.de/10013435383
, 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
We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …
Persistent link: https://www.econbiz.de/10014327420
Persistent link: https://www.econbiz.de/10014372587
In this paper, the empirical analysis finds that the dynamics of inflation and unemployment can be described by a … Phillips curve when allowing for a positive co-movement between trend-adjusted productivity and unemployment. This suggests …. Furthermore, the natural rate of unemployment is a function of the long-term interest rate, indicating that monetary policy is not …
Persistent link: https://www.econbiz.de/10012157258
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/10003324031
inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …
Persistent link: https://www.econbiz.de/10012471456
inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …
Persistent link: https://www.econbiz.de/10013292577
Persistent link: https://www.econbiz.de/10012264613