Results 11 to 20 of about 2,568 (219)
Research Progress of α-Glucosidase Inhibitors Produced by Microorganisms and Their Applications [PDF]
Foods, 2023 Based on the easy cultivation of microorganisms and their short cycle time, research on α-glucosidase inhibitors (α-GIs) of microbial origin is receiving extensive attention. Raw materials used in food production, such as cereals, dairy products, fruits,
Fei Ren, Nairu Ji, Yunping Zhu
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The NAIRU in Theory and Practice [PDF]
Journal of Economic Perspectives, 2002 This paper discusses the NAIRU—the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary policy influences both inflation and unemployment.
Laurence Ball, N. Gregory Mankiw
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Australian Economic ReviewABSTRACT This article examines the concept of the non‐accelerating inflation rate of unemployment (NAIRU) and its application in Australia. We review its theoretical origins, international and domestic development, and the Reserve Bank of Australia's model‐based estimation approach.
Isaac Gross
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Journal of Economic Perspectives, 1997 The concept of a natural rate of unemployment, or nonaccelerating inflation rate of unemployment (NAIRU), remains controversial after twenty-five years. This essay presents a brief for no-confidence, in four parts. First, the theoretical case for the natural rate is not compelling.
James K Galbraith
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Empirical Estimates of the NAIRU
Labour, 2005 . Empirical studies have found that the non-accelerating inflation rate of unemployment (NAIRU) has been fluctuating in OECD countries around a constant mean of several percentage points over the past decades. This mean is calculated from the constant terms carried over from the wage and price growth equations.
Madsen, Jakob Brøchner, Jakob B. Madsen
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Production Constraints and the NAIRU [PDF]
Economics: Journal Articles, 2008 This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is shown that capital constraints became relatively more ...
Ciaran Driver, Stephen G. Hall
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Inflation expectations and nonlinearities in the Phillips curve
Journal of Applied Econometrics, Volume 38, Issue 4, Page 453-471, June/July 2023., 2023 Summary This paper examines the presence of nonlinearities in the Phillips curve. We allow for a flexible form of nonlinearity and estimate a threshold regression model with the number and location of thresholds determined directly from the data. Over the estimation period starting in the late 1960s, we document that the linear model cannot be rejected
Alexander Doser +3 more
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Fiscal Policy in the COVID‐19 Era1
Economic Papers: A journal of applied economics and policy, Volume 42, Issue 2, Page 107-152, June 2023., 2023 This paper analyses the COVID recession and the large fiscal policy response by modelling scenarios using a macro‐econometric model. The COVID recession mainly arose from lower household consumption of certain services under COVID social distancing. The fiscal response to compensate for income losses in those service industries meant that unemployment ...
Chris Murphy
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The Australian Economy in 2022–23: Inflation and Higher Interest Rates in a Post‐COVID‐19 World
Australian Economic Review, Volume 56, Issue 1, Page 5-19, March 2023., 2023 Abstract Record levels of domestic and global stimulus during the COVID‐19 pandemic years helped to mitigate largely unparalleled downside risks. Post‐COVID‐19, inflation surged in Australia due to overseas factors such as the war in Ukraine, and domestic factors such as COVID‐related backlogs in the construction sector.
Sarantis Tsiaplias, Jiao Wang
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Transfers, Taxes and the NAIRU [PDF]
Review, 1981 Just as war is too important to be left to the generals, the impact of taxes and transfers on the aggregate unemployment rate is too important to be left to the macroeconomists. I therefore subject the issue of how tax and transfer policy affects unemployment and aggregate supply to a detailed, microeconomic examination of the effects of individual tax
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