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Can the European construction really continue relying on the NAIRU?
Lang, Dany - In: European integration in crisis, (pp. 221-245). 2007
Persistent link: https://www.econbiz.de/10003571967
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Hysteresis and NAIRU in the Euro area
Logeay, Camille; Tober, Silke - 2005 - This version: July 2005
This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique is applied here using explicit exogenous variables. In...
Persistent link: https://www.econbiz.de/10003744523
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Monetary and fiscal policies in the Euro-area : macro modelling, learning and empirics
Semmler, Willi; Greiner, Alfred; Zhang, Wenlang - 2005 - 1. ed.
Persistent link: https://www.econbiz.de/10002573027
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Wage dynamics : reconciling theory and evidence
Blanchard, Olivier; Katz, Lawrence F. - In: The American economic review 89 (1999) 2, pp. 69-74
Persistent link: https://www.econbiz.de/10001408271
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Wage Dynamics : Reconciling Theory and Evidence
Blanchard, Olivier J.; Katz, Lawrence F. - 2021
U.S. macroeconomic evidence shows a negative relation between the rate of change of wages and unemployment. In contrast, most theories of wage determination imply a negative relation between the level of wages and unemployment. In this paper, we ask whether one can reconcile the empirical...
Persistent link: https://www.econbiz.de/10013225129
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The NAIRU determinants : what's structural about unemployment in Europe?
Heimberger, Philipp; Kapeller, Jakob; Schütz, Bernhard - In: Journal of policy modeling : JPMOD ; a social science … 39 (2017) 5, pp. 883-908
Persistent link: https://www.econbiz.de/10011792927
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Wage Dynamics : Reconciling Theory and Evidence
Blanchard, Olivier Jean - 1999
U.S. macroeconomic evidence shows a negative relation between the rate of change of wages and unemployment. In contrast, most theories of wage determination imply a negative relation between the level of wages and unemployment. In this paper, we ask whether one can reconcile the empirical...
Persistent link: https://www.econbiz.de/10012471883
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Are earthquakes needed to shake economics?
Schettkat, Ronald - 2010
–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …
Persistent link: https://www.econbiz.de/10008651698
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The NAIRU concept : measurement uncertainties, hysteresis and economic policy role
McAdam, Peter; McMorrow, Kieran - 1999
Persistent link: https://www.econbiz.de/10013421137