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A review of James Forder's "Macroeconomics and the Phillips curve myth"
Hoover, Kevin D. - 2015
Persistent link: https://www.econbiz.de/10011602776
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Inflation-unemployment tradeoff and regional labor market data
Hassler, Uwe; Neugart, Michael - 2002
We estimate a linear and a piecewise linear Phillips curve model with regional labor market data for West German and Neue Länder. Employing regional observations allows us to country difference the data. This eliminates, under the assumption of homogeneous Länder, supply shocks and changes in...
Persistent link: https://www.econbiz.de/10011524902
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Inflation-unemployment tradeoff and regional labor market data
Hassler, Uwe; Neugart, Michael - 2002
Persistent link: https://www.econbiz.de/10001751627
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The European Commission's new NAIRU : does it deliver?
Gechert, Sebastian; Rietzler, Katja; Tober, Silke - 2014
The NAIRU is a key component of potential output and as such critically affects output gap estimates. In May 2014, the … European Commission changed its specification of the NAIRU for several countries and lowered its NAIRU estimates - in the case … of Spain from 26.6% to 20.7% for 2015. To test the dependence of the new NAIRU on unemployment versus structural factors …
Persistent link: https://www.econbiz.de/10010458229
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Estimation of NAIRU with inflation expectation data
Cui, Wei; Härdle, Wolfgang; Wang, Weining - 2015
Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of unemployment … with NAIRU in a model consistent way. We develop and estimate a structural model with forward and backward looking Phillips … out that the estimated NAIRU using our methodology tracks the unemployment process closely except for the high inflation …
Persistent link: https://www.econbiz.de/10010479311
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An Alternative Interpretation of the Recent U.S. Inflation Performance
Apel, Mikael; Jansson, Per - 2000
An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation rate in recent years reflects a structural development, but that the low levels of unemployment may be a mainly cyclical phenomenon.
Persistent link: https://www.econbiz.de/10010321308
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An Alternative Interpretation of the Recent U.S. Inflation Performance
Apel, Mikael; Jansson, Per - Sveriges Riksbank - 2000
An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation rate in recent years reflects a structural development, but that the low levels of unemployment may be a mainly cyclical phenomenon.
Persistent link: https://www.econbiz.de/10005190795
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The Long-Run Phillips Curve is ... A Curve
Ascari, Guido; Bonomolo, Paolo; Haque, Qazi - 2023
In U.S. data, inflation and output are negatively related in the long run. A Bayesian VAR with stochastic trends generalized to be piecewise linear provides robust reduced-form evidence in favor of a threshold level of trend inflation of around 4%, below which potential output is independent of...
Persistent link: https://www.econbiz.de/10014349322
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An alternative interpretation of the recent U.S. inflation performance
Apel, Mikael; Jansson, Per - 2000
An approach to decomposing and interpreting the inflation process is proposed. It suggests that the low U.S. inflation rate in recent years reflects a structural development, but that the low levels of unemployment may be a mainly cyclical phenomenon.
Persistent link: https://www.econbiz.de/10011584497
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Efficacité de la politique économique et position dans le cycle: le cas de la défiscalisation des heures supplémentaires en France
Heyer, Eric - Centre de recherche en Économie (OFCE), Sciences … - 2010
The economic situation of all the major developed countries has changed significantly during the 2007-2010 period. Yet many economic policies have been kept in place. This is true in particular of a key measure in French government policy: tax reductions on overtime hours and their exemption...
Persistent link: https://www.econbiz.de/10008740260