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Persistent link: https://www.econbiz.de/10011543328
inflation is relatively high, as was the case in the 1970s. In general, the sign of the effect of growth on unemployment is …The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience …
Persistent link: https://www.econbiz.de/10011627451
productivity growth and high unemplyoment. Subsequent research has shown that the standard model of unemployment actually gives … counterfactual predictions. Motivated by the observation that the 1970s were also characterized by high and rising inflation …, Tesfaselassie and Wolters examine the effect of growth on unemployment in the presence of nominal price rigidity. The authors …
Persistent link: https://www.econbiz.de/10011635432
rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is …The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized …
Persistent link: https://www.econbiz.de/10010440551
Persistent link: https://www.econbiz.de/10001227897
inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10013236402
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Persistent link: https://www.econbiz.de/10013350323
relationship between the key macroeconomic tools of maintaining macroeconomic stability: inflation and unemployment. Our empirical … findings showed that unemployment rate and inflation are positively associated in Uzbekistan, which contradicts with the … Phillips curve. However, we found the Okun’s law holds which indicates an unemployment rate and economic growth are negatively …
Persistent link: https://www.econbiz.de/10014358333
and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …
Persistent link: https://www.econbiz.de/10011300631