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Meta-analysis of the New Keynesian Phillips Curve

Danišková, Katarína; Fidrmuc, Jarko - 2012

The New Keynesian Phillips Curve has become an inherent part of modern monetary policy models. It is derived from micro-founded models with rational expectations, sticky prices, and forward and backward-looking subjects on the market. Having reviewed about 200 studies, we analyze the weight of...

Persistent link: https://www.econbiz.de/10009540732

Unemployment and macroeconomics

Vasiliki, Bozani; Drydakis, Nick - In: Labor markets : dynamics, trends and economic impact, (pp. 1-38). 2012

Persistent link: https://www.econbiz.de/10009679090

Studying the NAIRU and its implications

Bozani, Vasiliki; Drydakis, Nick - 2011

, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the …, identifying methodological strengths and the weaknesses in the body of the macroeconomic research about the concept of NAIRU. In … synthesizing quantitative literature. -- NAIRU ; macroeconomic policies …

Persistent link: https://www.econbiz.de/10009516873

Experimental labor markets and policy considerations : incomplete contracts and macroeconomic aspects

Casoria, Fortuna; Riedl, Arno - 2012

This survey focuses on experimental labor markets investigating two aspects that deem us important for a better understanding of labor market relations and the consequences for labor market policies. The first part of the survey is dedicated to papers that assess the prevalence of reciprocal...

Persistent link: https://www.econbiz.de/10009683305

Business cycle volatility and globalization : a survey

Buch, Claudia M. - 2002

The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...

Persistent link: https://www.econbiz.de/10001680906

On the introduction of firing costs

Ahrens, Steffen; Wesselbaum, Dennis - 2009

This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...

Persistent link: https://www.econbiz.de/10003884839