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sensitivity of inflation to unemployment rate changes. Improvement in fit from just including the online share is tiny—so far … reducing the bargaining power of labor, could lower the natural rate of unemployment. Model performance and fits are improved …During the recovery from the Great Recession, inflation did not reach the central bank's 2 percent objective as quickly …
Persistent link: https://www.econbiz.de/10012030043
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not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …
Persistent link: https://www.econbiz.de/10013448558
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estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014541860
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estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014545239
inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …
Persistent link: https://www.econbiz.de/10011399270
Education’s role in determining worker incomes in China’s rapidly changing urban labor markets is investigated in this … between institutionally-differentiated groups of workers in China’s urban labor markets. An interesting hierarchy of returns …
Persistent link: https://www.econbiz.de/10009477510
the labor-market effects of other important refugee waves can be produced by spurious correlation between the instrument …
Persistent link: https://www.econbiz.de/10011744518