Narrow search
Showing 1 - 10 of 1,573
Cover Image
Measuring the output gap using stochastic model specification search
Chan, Joshua; Grant, Angelia L. - 2017
Persistent link: https://www.econbiz.de/10011748515
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 impact of growth on unemployment in a low vs. a high inflation environment
Tesfaselassie, Mewael F.; Wolters, Maik H. - 2017
inflation is relatively high, as was the case in the 1970s. In general, the sign of the effect of growth on unemployment is … shown to depend on the level of steady-state inflation. There is a threshold level of inflation below (above) which faster …
Persistent link: https://www.econbiz.de/10011627451
Cover Image
The impact of growth on unemployment in a low vs. a high inflation environment
Tesfaselassie, Mewael F.; Wolters, Maik H. - In: Review of economic dynamics 28 (2018), pp. 34-50
Persistent link: https://www.econbiz.de/10012041457
Cover Image
The impact of growth on unemployment in a low vs. a high inflation environment
Tesfaselassie, Mewael F.; Wolters, Maik H. - 2017
counterfactual predictions. Motivated by the observation that the 1970s were also characterized by high and rising inflation … the rate of inflation is high enough. There is a threshold level of inflation below which faster growth leads to higher …
Persistent link: https://www.econbiz.de/10011635432
Cover Image
Growth and unemployment in the presence of trend inflation
Tesfaselassie, Mewael F. - 2014
rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is … shown to be non-monotonic. There is a threshold level of inflation below (above) which faster growth leads to higher (lower …
Persistent link: https://www.econbiz.de/10010440551
Cover Image
Using a forward-looking Phillips curve to estimate the output gap in Peru
Rodriguez, Gabriel - In: Review of applied economics 16 (2020) 1/2, pp. 17-29
Persistent link: https://www.econbiz.de/10012670437
Cover Image
Combining the Beveridge and the Phillips curve into an integrative model : the modified output gap
Sell, Friedrich L. - In: Review of economics & finance 6 (2016) 2, pp. 1-12
Persistent link: https://www.econbiz.de/10011492496
Cover Image
"Mismatch" in the labor market and inflation : an integrative model with lessons from the Spanish experience
Pérez Trujillo, Manuel; Ruesga Benito, Santos; Sell, … - 2018
hand and the inflation rate on the other hand. Empirically, we estimate this relationship by developing three different … markets for goods and services will push up inflation. We show the empirical relevance of the modified output gap for Spain …
Persistent link: https://www.econbiz.de/10011946383
Cover Image
Understanding inflation dynamics in the Euro Area : deviants and commonalities across member countries
Amberger, Johanna; Fendel, Ralf - In: Empirica : journal of european economics 44 (2017) 2, pp. 261-293
Persistent link: https://www.econbiz.de/10011782897