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Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials

Abbritti, Mirko; Müller, Andreas - 2012

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

Persistent link: https://www.econbiz.de/10009536516

The role of two frictions in geographic price dispersion : when market friction meets nominal rigidity

Choi, Chi-young; Choi, Horag - In: Journal of international money and finance 63 (2016), pp. 1-27

Persistent link: https://www.econbiz.de/10011668337

Economic policy in India : for economic stimulus, or for austerity and volatility?

Sen, Sunanda; DasGupta, Zico - 2014

measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …

Persistent link: https://www.econbiz.de/10010385761

Is increased price flexibility stabilizing? : redux

Bhattarai, Saroj; Eggertsson, Gauti B.; Schoenle, Raphael - 2012

shocks driving the economy and the systematic response of monetary policy to inflation: More flexible prices amplify the … the effect of supply shocks on output if interest rates are very responsive to inflation. Next, we estimate a medium …

Persistent link: https://www.econbiz.de/10009521652

Quantitative modelling of the EUR/CHF exchange rate during the target zone regime of September 2011 to January 2015

Lera, Sandro Claudio; Sornette, Didier - 2015

Krugman (1991)'s target zone model has become the reference of a large part of this literature. Despite its simplicity and elegance, empirical evidence has been lacking. Deriving from Krugman's model analytical expressions for the conditional volatility and density distribution close to the...

Persistent link: https://www.econbiz.de/10011411918

Two Gold Return Puzzles

Kolev, Gueorgui I. - 2013

Since the dismantling of the Bretton Woods system, gold has delivered average return comparable to the average return delivered by the aggregate US stock market. This suggest that none of the growth and technological improvement gains accrued to the financiers. In the context of modern asset...

Persistent link: https://www.econbiz.de/10013081787