Article seeks to extend the Standard Gordon's " Triangle " model with demand shocks. The demand shocks are represented by a newly derived Current discount indicator (CDI). The recession on the labour market in Hungary and Poland was influenced by the growth of future consumption preferences of...

Jedna z plaszczyzn przenikania procesow globalnych do gospodarki regionu sa bezposrednie inwestycje zagraniczne. W ponizszym opracowaniu opisane zostaly – w teoretycznym ujeciu – podstawowe motywy podejmowania bezposrednich inwestycji za granica, skutki ich naplywu dla gospodarki regionu...

Using a unique survey of almost 2,000 Czech and Slovak medical students run in 2020 and 2021, the paper investigates whether gender inequality and stereotypes as proxied by the gender unemployment rate gap drive students' choices of specialities. The data suggest that the higher the gender...

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

This paper investigates whether a Taylor rule accurately describes the South African Reserve Bank's reaction function in setting interest rates using quarterly data, covering the period since inflation targeting was formally adopted in 2000. The classic Taylor rule is modified to determine...

The main objective of this study is to investigate the long run trade-off between unemployment and inflation in Egypt through the period (1974-2011) using Johansen-Juselius (1990) cointegration test and Vector Error Correction Model (VECM). Results of ADF test indicate that both series are...

This paper has provided an empirical evidence to support the existence of the Phillips curve in the case of the Dominican Republic. The Phillips curve is estimated using data over the last forty years and includes a role for supply factors. The most striking feature of the model is the strong...