Narrow search
Showing 101 - 110 of 96,576
Cover Image
Der Beitrag alternativer NAIRU-Kurven zur Erklärung der Inflation
Quaas, Georg; Klein, Mathias - Volkswirtschaftliche Fakultät, … - 2010
The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a major concept in (monetary) economics in predicting … variable, several questions arise about its adequate estimation. The following study determines four different possible NAIRU … trimmed to satisfactorily explain inflation changes. It turns out that besides the NAIRU, several other variables like the …
Persistent link: https://www.econbiz.de/10008685371
Cover Image
El desempleo de equilibrio en Colombia: Una estimación utilizando la curva de Beveridge
Becerra, Laura - UNIVERSIDAD DE LOS ANDES-CEDE - 2015
inflacionarias importantes. Una posible explicación a este fenómeno, es que la tasa de desempleo de equilibrio (NAIRU) haya caído … desempleo y vacantes) para el período 1976Q1-2014Q2 y se realiza una estimación de la NAIRU a partir de un modelo que combina … NAIRU ha caído, ubicándose a partir del 2013 por debajo del 10%. Esto sugiere que la eficiencia en el emparejamiento entre …
Persistent link: https://www.econbiz.de/10011183001
Cover Image
A Robust Assessment of the Romanian Business Cycle
Altar, Moisa; Necula, Ciprian; Bobeica, Gabriel - Center for Advanced Research in Finance and Banking … - 2009
The paper provides potential output and output gap estimates for the Romanian economy in the period 1998 - 2008. Our approach consists in combining the structural method of the production function with several non-structural statistical detrending methods: Hodrick-Prescott, Kalman, band-pass,...
Persistent link: https://www.econbiz.de/10005026820
Cover Image
Estimating Potential GDP for the Romanian Economy. An Eclectic Approach
Moisa, Altar; Necula, Ciprian; Bobeica, Gabriel - In: Journal for Economic Forecasting (2010) 3, pp. 5-25
The paper provides potential output and output gap estimates for the Romanian economy in the period 1998-2008. Our approach consists in combining the production function structural method with several statistical de-trending methods. The contribution of our analysis to the scarce literature...
Persistent link: https://www.econbiz.de/10008685121
Cover Image
The small open-economy New Keynesian Phillips Curve : empirical evidence and implied inlfation dynamics
Mihailov, Alexander; Rumler, Fabio; Scharler, Johann - 2008
This paper applies GMMestimation to assess empirically the small open-economy New Keynesian Phillips Curve derived in Galí and Monacelli (2005). We obtain a testable specification where fluctuations in the terms of trade enter explicitly, thus allowing a comparison of the relevance of domestic...
Persistent link: https://www.econbiz.de/10009239047
Cover Image
Inflation dynamics in the new EU member states : how relevant are external factors?
Mihailov, Alexander; Rumler, Fabio; Scharler, Johann - 2009
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European Union (EU) member countries. Our empirical analysis is based on the New Keynesian Phillips Curve (NKPC) derived in Galí and Monacelli (2005) for small open economies (SOE)....
Persistent link: https://www.econbiz.de/10009239698
Cover Image
Phillips Curve : Forward or Backward Looking?
Saeed, Syed Kashif; Riaz, Khalid - 2011
We estimate both a forward looking and a hybrid New Keynesian Phillips Curve using Generalized Method of Moments (GMM).the findings suggest that inflation is persistent phenomenon in Pakistan and past inflation is having significant explanatory power. Contrary to conventional wisdom, the output...
Persistent link: https://www.econbiz.de/10014042959
Cover Image
Estimating New Zealand's Output Gap Using a Small Macro Model
Szeto, Kam Leong - 2013
The Treasury has been testing the assumptions on the potential growth rate of the New Zealand economy. In this paper, we estimate a small macro model using Bayesian techniques, which allows us to assess the level of uncertainty of the estimates of the output gap. The model is based on the work...
Persistent link: https://www.econbiz.de/10012115654
Cover Image
Measuring the NAIRU with Reduced Uncertainty : A Multiple Indicator-Common Component Approach
Basistha, Arabinda; Startz, Richard - 2004
Standard estimates of the NAIRU or natural rate of unemployment are subject to considerable uncertainty. We show in … this paper that using multiple indicators to extract an estimated NAIRU cuts in half uncertainty as measured by variance …. The inclusion of an Okun's Law relation is particularly valuable. We estimate the NAIRU as an unobserved component in a …
Persistent link: https://www.econbiz.de/10014069491
Cover Image
Measuring the NAIRU with Reduced Uncertainty: A Multiple Indicator-Common Component Approach
Basistha, Arabinda; Startz, Richard - Society for Computational Economics - SCE - 2005
Standard estimates of the NAIRU or natural rate of unemployment are subject to considerable uncertainty. We show in … this paper that using multiple indicators to extract an estimated NAIRU cuts in half uncertainty as measured by variance …. The inclusion of an Okun’s Law relation is particularly valuable. We estimate the NAIRU as an unobserved component in a …
Persistent link: https://www.econbiz.de/10005706288