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Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...
Persistent link: https://www.econbiz.de/10011604536
. These two effects are tested against each other in a cointegration analysis for Japan and the US from 1957 until 1997 …
Persistent link: https://www.econbiz.de/10010264264
, and the United States, and with unemployment rate changes in Japan, for the period 19502005. In recent years, the …
Persistent link: https://www.econbiz.de/10010265670
This paper focuses on nominal exchange rates, specifically the US dollar rate vis-à-vis the Euro and the Japanese Yen at a daily frequency. We model both absolute values of returns and squared returns using long-memory techniques, being particularly interested in volatility modelling and...
Persistent link: https://www.econbiz.de/10010271381
We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10010274182
and Japan than in the United States. Employment contributes the largest proportion of the cycle in Europe and the United … States (but not Japan), which is inconsistent with the idea that higher levels of employment protection in Europe dampen …
Persistent link: https://www.econbiz.de/10010274432
six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models' abilities to match empirical second … betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und … Japan). Wir werten die Fähigkeiten der Modelle aus, empirische zweite Momente des Inflationsprozesses zu generieren. Bei …
Persistent link: https://www.econbiz.de/10010274449
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