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We model the rate of inflation and unemployment in Austria since the early 1960s within the Phillips/Fisher framework … unemployment beyond revisions to definitions. The labour force projection provided by Statistic Austria allows foreseeing inflation … macroeconomic variable was first tested as a predictor of inflation and unemployment in 2005 with the involved time series ended in …
Persistent link: https://www.econbiz.de/10013076329
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10010265568
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10010276419
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …
Persistent link: https://www.econbiz.de/10010313770
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation and …
Persistent link: https://www.econbiz.de/10010281025
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …
Persistent link: https://www.econbiz.de/10011414902
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011415107
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …
Persistent link: https://www.econbiz.de/10010955553
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10005822071
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ``frictional growth,'' describing the … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …
Persistent link: https://www.econbiz.de/10005106327