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Dieser Aufsatz untersucht die Hypothese, dass der Grad an Arbeitsmarkthysterese in Folge einer Rezession von der Reaktion der Geldpolitik abhängt. Der Hysteresegrad wird in der empirischen Untersuchung durch die geldpolitische Reaktion und Standardvariablen für Arbeitsmarktinstitutionen in...
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alone its measurement. Hence, the question arises whether the "non-accelerating inflation rate of unemployment"(NAIRU) may …
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This paper builds upon Hoon and Phelps (1992, 1997) to ask how much of the evolution of the unemployment rate over several decades in country can be explained by real factors in an equilibrium model of the natural rate where country's productivity growth depends upon its distance from the...
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In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … 1975 and 1980 after the first (or the second) oil price shock in autumn 1973. During the disinflation period, inflation and … their favour and the Central Bank fighting against inflation. Since the wage and price setters did not fully believe in an …
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unemployment and inflation equations. In explaining both unemployment and inflation, the global factor is highly significant …
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