Results 21 to 30 of about 8,346 (201)
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
wiley +1 more source
Australian Economic Review, Volume 56, Issue 1, Page 61-69, March 2023., 2023 Abstract This article introduces the Policy Forum. It contains: (i) a brief overview of the fiscal policies introduced to deal with COVID‐19 and their impact on Australia's economic performance; (ii) summaries of the articles in the Forum; and (iii) suggested learnings for policymaking in future crises.
Jeff Borland
wiley +1 more source
A Traditional Nominal Wage Phillips Curve: Theory and Evidence
Economic Record, Volume 99, Issue 324, Page 108-121, March 2023., 2023 By combining simple contracting schemes with firms' optimisation, we provide theoretical underpinnings to the traditional nominal wage Phillips curve. The parameters of our Phillips curve have a structural interpretation. We extend the model to include the effect of the labour share, a factor that is absent in the new Keynesian model.
Malikane Christopher
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Oxford Bulletin of Economics and Statistics, Volume 85, Issue 1, Page 238-267, February 2023., 2023 Abstract This paper documents the suite of models (SoMs) used by Norges Bank to estimate the output gap. The models are estimated using data on GDP, unemployment, inflation, wages, investment, house prices and credit. We evaluate the estimated output gap series in terms of its forecasting properties, its reliability and its cyclical sensitivity to ...
Francesco Furlanetto +3 more
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Assessing Australian Monetary Policy in the Twenty‐First Century*
Economic Record, Volume 98, Issue 322, Page 271-295, September 2022., 2022 Using the Reserve Bank of Australia's MARTIN model, we compare actual monetary policy decisions with a counterfactual in which the cash rate is set according to an optimal simple rule. We find that monetary policy played a crucial role in avoiding a potential recession in 2001 and mitigating the downturn in 2008–09.
Isaac Gross, Andrew Leigh
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Measuring the Nairu: A Complementary Approach [PDF]
SSRN Electronic Journal, 2011 Estimates of the Nairu generally suer from a large uncertainty, which can be reduced by adopting a bivariate framework and assuming that shifts of the Phillips curve share a common trend with the unemployment rate. We consider in this paper if this common trend assumption is empirically relevant or not for seven economies over the sample 1973-2010 ...
De la Serve, M-E., Lemoine, M.
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Neues von der NAIRU? / News from the NAIRU? [PDF]
Jahrbücher für Nationalökonomie und Statistik, 2001 Zusammenfassung Der Beitrag enthält eine Neuschätzung der inflationsstabilen Arbeitslosenquote (NAIRU) für Westdeutschland 1980 bis 1998. Nach einer Darstellung des konzeptionellen Rahmens der NAIRU einschließlich verschiedener Varianten, welche beispielsweise exogenen Schocks und dem Hysterese-Phänomen Rechnung tragen, erfolgt eine ...
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Measuring the UK short-run NAIRU [PDF]
Oxford Economic Papers, 2006 This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the Kalman filter. Our work suggests that both structural changes in the labour market and favourable supply shocks
Nicoletta Batini, Jennifer Greenslade
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Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2012 NAIRU plays an important role in guiding monetary policy to control inflation and unemployment. The purpose of this paper is to estimate the so-called “Non- Accelerating Inflation Rate of Unemployment” (NAIRU) in Iran.
Ahmad Jafari Samimi +2 more
doaj
La NAIRU y el problema de la regresión inversa
Expresión Económica, 2016 En este artículo se efectúa una reseña de la evolución histórica del concepto Tasa de Desempleo No Aceleradora de la Inflación (tdnai o nairu, por su acrónimo en inglés).
José D. Liquitaya Briceño
doaj +1 more source