Showing 1 - 10 of 2,707
This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …
Persistent link: https://www.econbiz.de/10014529512
Phillips curve. The paper demonstrates in a formal and rigorous manner why there is no trade-off between price inflation and …
Persistent link: https://www.econbiz.de/10009787027
This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …
Persistent link: https://www.econbiz.de/10014546893
, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the …
Persistent link: https://www.econbiz.de/10013118538
Although there is academic research confirming a short-run negative correlation between unemployment and inflation, the …
Persistent link: https://www.econbiz.de/10012916695
The natural rate hypothesis states that there exists an unemployment rate at which inflation is stable, and that this …
Persistent link: https://www.econbiz.de/10012006658
The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the realrate gap; the time series of the remaining two show material deviation from expected IScurve behavior. The authors...
Persistent link: https://www.econbiz.de/10011650342
Two closely watched indicators of economic performance are inflation and unemployment. This study empirically analyzes … the causality between inflation and unemployment in Indonesia during 1984 to 2017. The data were gathered from the … Autoregression to determine the causality between inflation and unemployment. The results show that there is a one-way causality …
Persistent link: https://www.econbiz.de/10012019517
The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the real-rate gap; the time series of the remaining two show material deviation from expected IS-curve behavior. The...
Persistent link: https://www.econbiz.de/10011917259
economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10011592229