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The determinants of core inflation in the Republic of Macedonia

Petrovska, Magdalena; Nikolov, Misho - In: Journal of contemporary economic and business issues 5 (2018) 1, pp. 25-34

form of involuntary part-time employment and headline unemployment rate. Both indicators have contributed positively to … cumulative core inflation since 2015 but headline unemployment rate much less so. The contribution of trend productivity growth … post-crisis period-has corresponded with slow pass through from declining unemployment rates to faster wage growth. We …

Persistent link: https://www.econbiz.de/10011862217

Monetary policy rules and the inequality-augmented Phillips curve

Rolim, Lilian; Carvalho, Laura; Lang, Dany - 2023

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …

Persistent link: https://www.econbiz.de/10014327420

Macroeconomic effects of UI extensions at short and long durations

Acosta, Miguel; Müller, Andreas; Nakamura, Emi; Jón … - 2023

We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … when initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI …

Persistent link: https://www.econbiz.de/10014335034

Balancing the European Monetary Union - an Impact Analysis on the Return of National Currencies

Mönnig, Anke - 2012

The current state budget crisis in the EU and the numerous futile efforts to solve the problem has brought back the fraction of people that argument in favour of an exit strategy of Germany from the European monetary union (EMU) or even the break-up of the EMU in total. This paper investigates...

Persistent link: https://www.econbiz.de/10010334408

An area-wide model (AWM) for the euro area

Fagan, Gabriel; Henry, Jérôme; Mestre, Ricardo - 2001

This paper presents a quarterly estimated structural macroeconomic model for the euro area, denoted area-wide model (AWM). This model has been developed with four uses in mind: the assessment of economic conditions in the area, macroeconomic forecasting, policy analysis and deepening...

Persistent link: https://www.econbiz.de/10011604088

Eurozone: Auf der Suche nach einer tragfähigen Fiscal Governance

Bley, Andreas - In: Vierteljahrshefte zur Wirtschaftsforschung 79 (2010) 4, pp. 119-133

Der Euro benötigt eine funktionsfähige Fiscal Governance, damit die dauerhafte Stabilität der Währung gesichert werden kann. Ein Ansatz zur Bewertung des Euro-Regelwerks kann aus dem Umstand abgeleitet werden, dass die Stabilität des Euro ein Allmendegut darstellt. In der Feldforschung...

Persistent link: https://www.econbiz.de/10010377951

Financial sector-output dynamics in the euro area : non-linearities reconsidered

Schleer, Frauke; Semmler, Willi - 2014 - This version: January 2014

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our study employs newly constructed financial condition indices that incorporate banking variables extensively. We apply a non-linear Vector Smooth Transition Autoregressive...

Persistent link: https://www.econbiz.de/10010238376

Financial sector-output dynamics in the euro area : non-linearities reconsidered

Schleer, Frauke; Semmler, Willi - 2013

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study employs newly constructed financial condition indices that incorporate extensively banking variables. We apply a nonlinear Vector Smooth Transition Autoregressive (VSTAR) model...

Persistent link: https://www.econbiz.de/10009792964

Monetäre Staatsfinanzierung und europäische Geld(un)ordnung

Fahrholz, Christian - 2012

Persistent link: https://www.econbiz.de/10009672319

The eastward enlargement of the eurozone : social and policy aspects in Portugal, Spain and Italy

Galego, Aurora; Caetano, José Manuel; Costa, Sofia; … - 2003

, namely Portugal, Spain and Italy. Economic theory suggests that integration may affect wages, employment and income …

Persistent link: https://www.econbiz.de/10002610561