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thinking about employment, inflation and growth. The model’s main contribution to economics is its dynamic description of wage … keynesianism and monetarism in its approach to combine full employment and growth with price stability and equity. This essay …
Persistent link: https://www.econbiz.de/10005648656
This article seeks to explain Africa's current quot;period of unparalleled economic success,quot; following decades of …;metalsquot; hypothesis) or policy reforms (our quot;managementquot; hypothesis) have driven Africa's recent reversal of economic fortune … commodity booms are typically followed by commodity busts, better economic management may be critical for sustaining Africa …
Persistent link: https://www.econbiz.de/10012765283
, there are reductions in interest rates and inflation and ultimately output increases. The larger the oil sector the greater … reduction in inflation, but the immediate negative output response slowly turns positive (and becomes consistent with the DSGE …). When Ghana and Uganda are importers, oil price shocks generate appreciation, mild inflation and interest rate reductions …
Persistent link: https://www.econbiz.de/10012177185
-Saharan African countries for the period 1990-2013. EPW is measured with the female labour force participation and employment rates …
Persistent link: https://www.econbiz.de/10011997603
conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal … banks, as well as slightly higher national savings, further increased Africa’s resilience to shocks. Regarding structural …
Persistent link: https://www.econbiz.de/10013336273
have formally adopted inflation targeting, South Africa and Ghana. The analysis is placed in the context of the global …This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the …
Persistent link: https://www.econbiz.de/10008464035
increased bargaining power of workers leading to increased real wages and hence implications for inflation, and the decline in …
Persistent link: https://www.econbiz.de/10008565338
paper derives the employment function in the modern monetary economy. Thereby it is explained that full employment policy is … explained that there is no trade-off between full employment and sustainable price stability. …
Persistent link: https://www.econbiz.de/10008554148
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment …
Persistent link: https://www.econbiz.de/10009162091
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output … growth, giving support to Phillips' Golden Triangle theory. -- Employment Growth ; Inflation ; Output Growth ; Golden …
Persistent link: https://www.econbiz.de/10009487899