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Evaluating the effect of the Bank of Canada's conditional commitment policy
He, Zhongfang - 2010
The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on … for Canada and the United States, the author finds that the Canadian 1-year treasury bill rates and 1-year forward 3-month … evidence appears to suggest that the Bank of Canada's conditional commitment likely has produced a persistent effect in …
Persistent link: https://www.econbiz.de/10003996812
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Generation X, search theory, and the US-Canadian unemployment rate and wage inequality gaps during the 1980s
Bowlus, Audra J. - 1996
Persistent link: https://www.econbiz.de/10000978727
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Welfare Costs of Inflation in a Dynamic Economy with Search Unemployment and Endogenous Growth
Heer, Burkhard - 2021
Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces the growth rate. We present a monetary endogenous growth model with labor market frictions in the form of search unemployment which is calibrated for the US economy....
Persistent link: https://www.econbiz.de/10013321096
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A theory of non-Coasean labor markets
Blanco, Andres; Drenik, Andres; Moser, Christian; … - 2023
We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...
Persistent link: https://www.econbiz.de/10014278008
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The interactive evolution of economic ideas and experience : the case of Canadian inflation targeting
Laidler, David E. W. - 2015
In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but …
Persistent link: https://www.econbiz.de/10011294097
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Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States
Debelle, Guy - 2006
Previous tests for convexity in the Phillips curve have been biased because researchers have employed filtering techniques for the NAIRU that have been fundamentally inconsistent with the existence of convexity. This paper places linear and nonlinear models of the Phillips curve on an equal...
Persistent link: https://www.econbiz.de/10012781999
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The twinning of inflation and unemployment phenomena in Saudi Arabia: Phillips curve perspective
Bokhari, Abla A. H. - In: Contemporary Economics 14 (2020) 2, pp. 254-271
The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means accepting higher rates of unemployment, and vice versa. This...
Persistent link: https://www.econbiz.de/10014544639
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The Twinning of Inflation and Unemployment Phenomena in Saudi Arabia : Phillips Curve Perspective
Bokhari, Abla A.H - 2021
The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means accepting higher rates of unemployment, and vice versa. This...
Persistent link: https://www.econbiz.de/10013246134
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The twinning of inflation and unemployment phenomena in Saudi Arabia : Phillips curve perspective
Bokhari, Abla A. H. - In: Contemporary economics 14 (2020) 2, pp. 254-271
The global economy has witnessed many economic fluctuations and waves of inflation and recession. With the consideration of achieving price stability as a primary goal of the economic policies, any attempt to eliminate inflation means accepting higher rates of unemployment, and vice versa. This...
Persistent link: https://www.econbiz.de/10012237424
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A Reappraisal of the Inflation-Unemployment Tradeoff
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - School of Economics and Finance, Queen Mary - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ``frictional growth,'' describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
Persistent link: https://www.econbiz.de/10005106327