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Inflation, unemployment, labor force change in the USA
Kitov, Ivan O. - Society for the Study of Economic Inequality - ECINEQ - 2006
of personal income distribution normalized to the total nominal GDP. Inflation is found to be a mechanism, which counters changes in the relative incomes induced by economic growth and population changes - both in number and age structure. A model is developed linking the measured inflation...
Persistent link: https://www.econbiz.de/10005413366
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Trend Inflation, Wage Indexation, and Determinacy in the U.S.
Ascari, Guido; Branzoli, Nicola; Castelnuovo, Efrem - 2011
We combine an estimated monetary policy rule featuring time-varying trend inflation and stochastic coefficients with a medium scale New Keynesian framework calibrated on the U.S. economy. We find the impact of variations in trend inflation on the likelihood of equilibrium determinacy to be both...
Persistent link: https://www.econbiz.de/10010343856
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Modeling U.S. Historical Time-Series Prices and Inflation Using Various Linear and Nonlinear Long-Memory Approaches
Canarella, Giorgio - 2020
This paper estimates the complete historical US price data by employing a relatively new statistical methodology based on long memory. We consider, in addition to the standard case, the possibility of nonlinearities in the form of nonlinear deterministic trends as well as the possibility that...
Persistent link: https://www.econbiz.de/10012854954
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Monetary policy and stability during six periods in US economic history: 1959–2008: a novel, nonlinear monetary policy rule
Seip, Knut L.; McNown, Robert - In: Journal of Policy Modeling 35 (2013) 2, pp. 307-325
We investigate the monetary policy of the Federal Reserve Board during six periods in US economic history 1959–2008. In particular, we examine the Fed's response to changes in three guiding variables: inflation, π, unemployment, U, and industrial production, y, during periods with low and...
Persistent link: https://www.econbiz.de/10011051481
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Gold and the U.S. Dollar : Tales from the Turmoil
Marzo, Massimiliano - 2010
the pattern of volatility spillovers. We estimate the bivariate structural GARCH models proposed by Spargoli e Zagaglia … (2008) to gauge the causal relations between volatility changes in the two assets. We also apply the tests for change of co …
Persistent link: https://www.econbiz.de/10013144098
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Russia and USA Scenario Planning – Trump and Putin Meeting – Business Boom or Lonely to Prove that They are Right?
ul Haq, Bina - 2020
Summary • Putin and Trump, leaders arguably with hostile powers. Their meeting holds significant importance in history, requiring scenario planning to structure long-term business relationships and a defense playground for both countries.• It will provide assurances; to the operating...
Persistent link: https://www.econbiz.de/10014031910
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Volatility risk and economic welfare
Xu, Shaofeng - 2017
This paper examines the effects of time-varying volatility on welfare. I construct a tractable endogenous growth model … with recursive preferences, stochastic volatility, and capital adjustment costs. The model shows that a rise in volatility … a risk-averse household, volatility risk can increase or decrease welfare, depending on model parameters. When …
Persistent link: https://www.econbiz.de/10011650148
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On the Causes of the Increased Stability of the U.S. Economy
Kahn, James A.; McConnell, Margaret Mary; Perez-Quiros, … - 2005
Persistent link: https://www.econbiz.de/10014061666
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Oil Price, Oil Price Implied Volatility (OVX) and Illiquidity Premiums in the US : (A)symmetry and the Impact of Macroeconomic Factors
Essa, Mohammad Sharik; Giouvris, Evangelos - 2023
We examine the impact of oil price and oil price volatility on US illiquidity premiums (return on illiquid …-minus-liquid stocks), using the US Oil Fund options implied volatility OVX index. We use daily data from 2007 to 2018, taking into account …
Persistent link: https://www.econbiz.de/10014262061
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Do financial stress and policy uncertainty have an impact on the energy and metals markets? : a quantile regression approach
Reboredo, Juan Carlos; Uddin, Mohammed Gazi Salah - In: International review of economics & finance : IREF 43 (2016), pp. 284-298
Persistent link: https://www.econbiz.de/10011625701