Showing 1 - 10 of 19,329
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …
Persistent link: https://www.econbiz.de/10010313770
Recent research has examined the link between rising educational attainment and its impact on inflation, via the … economies. We find that the education-adjusted unemployment gap does little to help estimate the inflation-unemployment tradeoff …
Persistent link: https://www.econbiz.de/10010836146
Persistent link: https://www.econbiz.de/10015357477
Persistent link: https://www.econbiz.de/10003914139
This paper surveys the research in the past decade on imperfect information models of aggregate supply and the Phillips curve. This new work has emphasized that information is dispersed and disseminates slowly across a population of agents who strategically interact in their use of information....
Persistent link: https://www.econbiz.de/10014025675
This paper uses an econometric model and Bayesian estimation to reverse engineer the path of inflation expectations … common measures of expected inflation available from surveys or computed from financial data. In particular, they exhibit the … strongest correlation with the inflation forecasts of the respondents in the University of Michigan Survey of Consumers. The …
Persistent link: https://www.econbiz.de/10011995207
) framework. We find evidence of two regimes: a “high inflation regime†associated with fast rising food and energy prices and … a “low inflation regime†associated with slower rising or falling food and energy prices. This suggests that the U …-accelerating inflation rate of unemployment (NAIRU) varies over the short-run or business cycle. …
Persistent link: https://www.econbiz.de/10008562996
Persistent link: https://www.econbiz.de/10008666817
This paper uses an econometric model and Bayesian estimation to reverse engineer the path of inflation expectations … common measures of expected inflation available from surveys or computed from financial data. In particular, they exhibit the … strongest correlation with the inflation forecasts of the respondents in the University of Michigan Survey of Consumers. The …
Persistent link: https://www.econbiz.de/10011822348
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256