Showing 1 - 10 of 237
The model of <link rid="b4">Akerlof, Dickens and Perry (2000)</link> (ADP) predicts that low inflation may cause unemployment to persist at high levels. When applied to U.S. data, their results strongly rejected the conventional NAIRU model. We apply the ADP model to Swedish data. The fact that our Swedish data also...
Persistent link: https://www.econbiz.de/10005305930
We present a small open economy version of Akerlof, Dickens and Perry (2000) and, based on Swedish data, we show that there exists a negatively sloped long run Phillips curve. Regressions on quarterly data 1963-2000 and estimated inflation expectations show that this Phillips curve is relatively...
Persistent link: https://www.econbiz.de/10005190701
A recent model by Akerlof, Dickens and Perry (2000) (ADP) predicts that low inflation may cause unemployment to persist at high levels. This finding should be of major interest to European countries where inflation is targeted at low levels. We specify a small open economy version of the ADP...
Persistent link: https://www.econbiz.de/10005207094
Persistent link: https://www.econbiz.de/10009916993
Persistent link: https://www.econbiz.de/10001671265
Persistent link: https://www.econbiz.de/10002215199
Persistent link: https://www.econbiz.de/10003388235
This paper estimates the employment effects of the Swedish trainee replacement schemes (an active labour market program that was in operation during the 1990s). The empirical analysis exploits a large and rich administrative data set, and we control for observed and unobserved selection bias by...
Persistent link: https://www.econbiz.de/10011573266
Persistent link: https://www.econbiz.de/10013436616
This paper estimates the employment effects of the Swedish trainee replacement schemes (an active labour market program that was in operation during the 1990s). The empirical analysis exploits a large and rich administrative data set, and we control for observed and unobserved selection bias by...
Persistent link: https://www.econbiz.de/10005651899