Narrow search
Showing 1 - 10 of 1,656
Cover Image
Structural change in the US Phillips curve, 1948-2021 : the role of power and institutions
Setterfield, Mark; Blecker, Robert A. - 2022
' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …
Persistent link: https://www.econbiz.de/10013347209
Cover Image
Trend growth, unemployment and optimal monetary policy
Lechthaler, Wolfgang; Tesfaselassie, Mewael F. - 2015
We analyze the implications of changes in the trend growth rate for optimal monetary policy in the presence of search and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority, but that it interacts importantly with the inefficiencies...
Persistent link: https://www.econbiz.de/10011300631
Cover Image
The Trade-off between Inflation and Unemployment in an MMT World : An Open Economy Perspective
Carnevali, Emilio; Deleidi, Matteo - 2020
This paper is focused on Modern Monetary Theory’s (MMT) treatment of inflation from an open economy perspective. It … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off …
Persistent link: https://www.econbiz.de/10014093223
Cover Image
The trade-off between inflation and unemployment in an "MMT world" : an open-economy perspective
Carnevali, Emilio; Deleidi, Matteo - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 90-124
This paper is focused on modern monetary theory's (MMT) treatment of inflation from an open-economy perspective. It … analyses how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …
Persistent link: https://www.econbiz.de/10014433719
Cover Image
Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006
be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …
Persistent link: https://www.econbiz.de/10005837539
Cover Image
How flexible are real wages in EU countries? A panel investigation
Rusinova, Desislava; Lipatov, Vilen; Heinz, Frigyes … - In: Journal of Macroeconomics 43 (2015) C, pp. 140-154
. There exists an inflation threshold, below which real wage flexibility is low. We also find that a part of the heterogeneity …
Persistent link: https://www.econbiz.de/10011194164
Cover Image
Wages Behaviour and Unemployment in Keynes and New Keynesians Views. A Comparison.
Meccheri, Nicola - Dipartimento di Economia e Management, Università … - 2004
The paper compares different strands of New Keynesian Economics with respect to Keynes's original work on wages, describing which are the most relevant differences and analogies. In particular, two issues are analysed in detail. First, the explanations provided by Keynes and New Keynesians of...
Persistent link: https://www.econbiz.de/10005196774
Cover Image
Aggregate Demand Deficiency, Labor Unions, and Long-run Stagnation
Murota, Ryu-ichiro - 2016
Using a money-in-the-utility-function model, we present long-run stagnation where insatiable demand for money secularly causes deficient aggregate demand and thereby unemployment in the presence of nominal wage stickiness attributable to union wage setting. In this long-run stagnation, generous...
Persistent link: https://www.econbiz.de/10012989163
Cover Image
Time-varying degree of wage indexation and the New Keynesian Wage Phillips Curve
Attey, Jonathan A. - 2016
is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …
Persistent link: https://www.econbiz.de/10011563079
Cover Image
The trade-off between inflation and unemployment in an MMT world: an open economy perspective
Carnevali, Emilio; Deleidi, Matteo - 2020
This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …
Persistent link: https://www.econbiz.de/10012291955