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economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10011592229
economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the first unemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips … careful reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation …
Persistent link: https://www.econbiz.de/10010510926
economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10010887051
Persistent link: https://www.econbiz.de/10011807756
Persistent link: https://www.econbiz.de/10012483262
Public pensions are indexed to prices or wages or to their combinations; therefore, the impact of inflation on the real … value of benefits can often be neglected, especially under indexation to prices. At high and accelerating …/decelerating inflation like currently prevailing in Hungary, however, this is not the case. (i) With fast inflation of basic necessities …
Persistent link: https://www.econbiz.de/10014454694
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011382085
unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …
Persistent link: https://www.econbiz.de/10012018950
Households participating in financial markets pay attention to inflation news when making their investment decisions …, even in an environment of mostly low and stable inflation. ETFs and open-ended mutual funds holding Treasury Inflation …-based inflation expectations measures increase. Changes in household survey expectations or in measures of inflation uncertainty do …
Persistent link: https://www.econbiz.de/10013463289
The paper investigates the role played by Friedman's interpretation of the Brazilian inflation in his 1967 formulation … of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face … of chronic inflation. It is argued that, as an empirical economist and in the absence of evidence from industrialized …
Persistent link: https://www.econbiz.de/10011893098